CTC301 – Unit 7 Assignment – Financial Literacy
Do you need any help for completing your assignment ? Contact us at eminencepapers.com. We endeavor to provide you with excellent service.
- Question 1
|
Which of the following is NOT a skill to being financially fit? |
|||||
|
|||||
-
Question 2
The 70-20-10 Rule sets aside…
Selected Answer: 70% living expenses, 20% savings, 10% debt
-
Question 3
A good credit score sits at a level of about…
Selected Answer: 740-800
-
Question 4
Your credit rating is determined based on…
Selected Answer: Both A and B.
CTC301 – Unit 7 Assignment – Financial Literacy
-
Question 5
|
Which of the following is the most common way to steal someone’s identity? |
|||||
|
|||||
-
Question 6
What is one thing that does NOT make up a FICO credit score?
Selected Answer: Old Credit Rates
-
Question 7
When budgeting, you have the ability to spend more than you earn.
Selected Answer: False
-
Question 8
Identity theft is not a common occurrence, and only takes a little bit of time to recover.
Selected Answer: False
-
Question 9
Equifax, Experian, and TransUnion are the three major credit bureaus that allow you to check your credit reports.
Selected Answer: True
-
Question 10
Identity theft has the possibility to hurt your future job opportunities.
Selected Answer: True
-
Question 11
Some tips to achieve financial wellness include creating a budget, saving for potential emergencies in the future, and protecting your credit score.
Selected Answer: True
-
Question 12
[Check all that apply] Tips for Achieving Financial Wellness are:
Selected Answers: Keep Good Financial RecordsProtect your CreditGet Tax Advice -
Question 13
Your obligation as a borrower is to choose to default on your loan.Selected Answer: False
-
Question 14
Identification Theft can leave you with a criminal record and/or get you arrested.
Selected Answer: True
CTC301 – Unit 7 Assignment – Financial Literacy
-
Question 15
|
What is wrongful or criminal deception intended to result in financial or personal gain? |
|||||
|
|||||
-
Question 16
580 is a good credit score
Selected Answer: False
-
Question 17
You should strive to spend more than you make.
Selected Answer: False
-
Question 18
What is the name of the company that Post University has partnered with that is a division of National Student Loan Program (NSLP), to provide you with FREE assistance on your Federal student loan obligations to ensure successful, and comfortable loan repayment?
Selected Answer: Inceptia
-
Question 19
Based on the estimated monthly student loan payment slide and a $35,000 debt with a 6.8% fixed interest rate, what is the total paid interest for an extended repayment plan?
Selected Answer: $37,878
-
Question 20
The Department of Education has an interactive loan counseling tool called the Federal Student Loan Website.
Selected Answer: False