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

Characteristics of a secured credit card EXCEPT...

Back

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

Front

Which payment method would reduce the amount of money in Zoe's checking account?

Back

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

Front

FAFSA

Back

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

Front

Amount of money after putting $1000 into a savings account earning 1% annual compound interest for 10 years (ignore inflation).

Back

Slightly more than $1100

Front

What is NOT found in your credit report? Options: 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

Which strategy will likely lead to the WORST long-term outcome when switching banks or opening a new credit card?

Back

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

Front

Who will pay the LEAST interest for their purchases? Options: Stephan, who pays the first $1000 using graduation money and then pays $250 per month until the debt is $0; Jasmine, who had saved the $1500 previously and pays off the whole balance once her bill comes; Nelson, who makes the minimum monthly payment each month until the debt is $0; Robert, who makes $300 payments per month until the debt is $0.

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?

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, what does it cover?

Back

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