A.) FinancialAid.gov B.) Wichita.edu/Finances C.) MyCollegeMoneyPlan.orgD.) Money4You.com L C.) MyCollegeMoneyPlan.org F What is the name of the website.

A.) FinancialAid.gov B.) Wichita.edu/Finances

C.) MyCollegeMoneyPlan.orgD.) Money4You.com

L

C.) MyCollegeMoneyPlan.org

F

What is the name of the website you visited in class this week to learn more about your

finances in college?

To spend less you should try?

A.) eating out less oftenB.) negotiate tuition prices

C.) not paying rent D.) A and B are correct

L F

A.) eating out less often

L F

Which of the following is NOT a trick to get you to go into too much

debt?

A.) Advertising a car by it’s monthly payment instead of the net price

B.) A university directing you to a “net calculator” for college costs

C.) Lenders telling you your line of credit qualifies you for a bigger home than you

calculated

D.) A school telling you to borrow from your parents’ retirement

fund until you can pay them back when you

graduate

L F

What is the best type of loan to have?

A.) a Federal Student Loan

B.) A rent-to-own loan

C.) A federal or private student

loan

D.) A PayDay Loan

L F

To avoid identity theft you should take steps to?

A.) Only shop online so there’s no clerk present

to steal your debit/credit card

information

B.) Refuse to give out your social

security # when applying for jobs

C.) Shred documents with your personal information on

it.

D.) Don’t have a bank account,

keep all of your $ safe at home

L F

How much debt is too much debt for school?

A.) Having $25,000 in

federal student loans

B.) Borrowing more than you’ll make your

first year out of school

C.) Having a $2,000 car loan in addition to federal

student loans

D.) All of the above

L F

D.) All of the above

A.) medical issues

B.) To get a car for transportation

C.) To advance your degree in a

field that will increase your

earning potential

What are considered reasons for a

“necessary debt?”

L F

A.) Maintaining a positive balance

What is the best way to build credit using a credit card?

B.) Making on time, in full

payments each month

C.) Using it for all major purchases

D.) A and B are correct

Where should you store your social security card?

L F

A.) In your walletB.) In your glove box

C.) In a secure location in your

home

D.) A and C are both correct

L F

All of the following would hurt your credit score except?

A.) Making late payments

B.) Using most of your available

credit each month

C.) Getting approved for

several credit cards in a year

D.) Getting a higher credit

allowance

L F

Which person would have the best credit score?

A.) A woman who is married to a

millionaire

B.) A man who has an income

of $200,000

C.) A 15 year old who doesn’t have

any debt yet

D.) There is not enough

information to know

L F

Which of the following is considered a “hard inquiry” on

your credit report?A.) If an employer

checks your credit in the hiring process for a financial firm

B.) If a lender checks your credit to decide

what interest rate you qualify for on a

loan

C. If you submit a request for a copy of your credit report at annualcreditreport.c

om

D. All of the above

L F

A.) Utility companies to determine if you

will pay a higher deposit than others

do

B.) By an employer to deny

you fair consideration for a

jobC.) By a landlord

approving/denying you to rent

D.) By a mortgage broker in order to send you ads for a

home loan

Your credit score can’t be used by:

L F

Which of the following does not appear on your credit

report?

A.) PayDay LoanB.) Installment

Loan

C.) Revolving Charge Account

D.) Mortgage

L F

Which has the highest Annual Percentage Rate?

A.) A PayDay Loan

B.) Rent-to-own Loan

C. Auto Title Loan

D.) Credit Card

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