Final Exam - NGPF Assessment

Front

Why is sending a personalized thank you after a job interview important?

Back

It gives you the opportunity to leave a good impression by expanding on an answer you gave or a topic you discussed.

Front

All of the following are characteristics of a secured credit card EXCEPT...
Your credit limit is dependent on the amount of your security deposit
They lower the risk of banks when issuing credit to users with no credit history
They help you build a credit history and improve your credit score
They don’t have a spending limit, so you have to be very mindful of how much you buy with them

Back

They don’t have a spending limit, so you have to be very mindful of how much you buy with them

Front

Zoe buys three new lipsticks from a store at the mall. Which payment method would reduce the amount of money in her checking account? Options: Pays with a prepaid card she loaded earlier in the month, Uses her credit card and says, "Credit" when the cashier asks, "Credit or debit?", Uses her debit card and says, "Credit" when the cashier asks, "Credit or debit?", Pays with cash she had in her purse

Back

Uses her debit card and says, "Credit" when the cashier asks, "Credit or debit?"

Front

Which definition best describes the FAFSA?

Back

The application you submit in order to determine eligibility for federal student aid.

Front

Which of the following best describes the amount of money you'll have if you put $1000 into a savings account earning 1% annual compound interest for 10 years? You can ignore the impact of inflation in this question.

Back

Slightly more than $1100

Front

All of the following can be found in your credit report EXCEPT...
Your credit payment history, Your checking account balance history, The average age of your credit accounts, Your total number of active credit accounts

Back

Your checking account balance history

Front

Suppose you are trying to switch banks or open a brand new credit card. Which strategy will likely lead to the WORST long-term outcome? Options: Look for sign-up bonuses or introductory offers that will make the product a good deal, Read online reviews carefully, and consider those that align most closely to what you value, Spend some time comparison shopping before finalizing your decision, Review the fine print closely, paying close attention to fee structures and interest rates

Back

Look for sign-up bonuses or introductory offers that will make the product a good deal

Front

Back

Jasmine, who had saved the $1500 previously and pays off the whole balance once her bill comes.

Front

Which statement accurately describes the difference between a student loan and a scholarship or grant? Options: Student loans always come from the Federal government, while scholarships and grants always come from the college; Student loans need to be repaid, while scholarships and grants are both "gift aid" that don't need to be repaid; Student loans are a result of completing your FAFSA, while scholarships and grants are a result of winning contests; Student loans are only available to a select few college students each year, while scholarships and grants are plentiful and easy to get.

Back

Student loans need to be repaid, while scholarships and grants are both "gift aid" that don't need to be repaid.

Front

When you have liability coverage with your auto insurance policy...

Back

Your insurance will cover the payment for your neighbor's fence repair if you crash into it backing out of the driveway