Which of the following is a document that you should never throw out an retain permanently?
a)
b)
c)
d)
Where should the original copy of your will be stored for safe keeping?
a)
b)
c)
d)
How is compound interest different from simple interest?
a)
b)
c)
d)
What does APY stand for?
a)
b)
c)
d)
If you want a higher interest rate with a CD, what do you have to do?
a)
b)
c)
d)
In general, how is a money market account different from a savings account?
a)
b)
c)
d)
What is the minimum number of financial institutions you should compare when choosing the organization you want to use for banking services?
a)
b)
c)
d)
You should only do business with financial institutions that are federally insured by which of the following?
a)
b)
c)
d)
What is one advantage that banks often offer that can make them more attractive than a credit union?
a)
b)
c)
d)
What is one advantage that credit unions often offer that can make them more attractive than a standard bank?
a)
b)
c)
d)
How does the cost of insurance change when you lease instead of buy?
a)
b)
c)
d)
What does a Mileage Limitation Lease restrict?
a)
b)
c)
d)
In general, how do car lease payments compare to car loan payments?
a)
b)
c)
d)
On a lease, why would you have to pay Wear and Tear charges?
a)
b)
c)
d)
In essence, what is a lease?
a)
b)
c)
d)
How does a mortgage lender assess your ability to pay back your mortgage?
a)
b)
c)
d)
What closing costs are you typically expected to pay when you buy a home?
a)
b)
c)
d)
What is the minimum down payment that's usually required for purchasing a home?
a)
b)
c)
d)
What are the three factors that a mortgage lender looks at when you want to qualify to purchase a home?
a)
b)
c)
d)
When you use a Power Pay system, where does the money to pay off your debts come from?
a)
b)
c)
d)
What do you do when you use a Power Pay system to eliminate debt?
a)
b)
c)
d)
What is a prepayment penalty?
a)
b)
c)
d)
When you take out a debt consolidation loan, what kind of interest rate should you look for?
a)
b)
c)
d)
Which of the following happens when you consolidate your debts?
a)
b)
c)
d)
Which of the following is a sign that you may be too deep in debt?
a)
b)
c)
d)
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