
Unit 5: PF Test: Part 1 (SSEPF 1 & 3)
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•
Social Studies
•
12th Grade
•
Hard
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39 questions
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1.
FLASHCARD QUESTION
Front
Luna is evaluating her post-high school life choices. What is a rational decision-making model she can use to assess the costs and benefits?
Back
Economics-based decision-making
Answer explanation
SSEPF1
2.
FLASHCARD QUESTION
Front
What is the importance of evaluating costs and benefits in decision-making?
Back
To make informed decisions
Answer explanation
SSEPF1
3.
FLASHCARD QUESTION
Front
James is planning for his post-high school life. Which of the following is a way he can pay for it? Scholarships, Credit card debt, Payday loans, Title pawn lenders
Back
Scholarships
Answer explanation
SSEPF1
4.
FLASHCARD QUESTION
Front
What form should Abigail fill out for financial aid applications?
Back
FAFSA form
Answer explanation
SSEPF1
5.
FLASHCARD QUESTION
Front
Which definition best describes the FAFSA?
Back
The application you complete in order to determine eligibility for federal student aid.
Answer explanation
SSEPF1
6.
FLASHCARD QUESTION
Front
What is a mortgage?
Back
A loan specifically for purchasing property.
Answer explanation
SSEPF1
7.
FLASHCARD QUESTION
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 "free money" that don't need to be repaid.
Answer explanation
SSEPF1
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