Leadership Benchmark Study 2

Evelyn, Ethan, and Aria are discussing about higher education in the United States. They are curious to know, how many Americans attend college each year?

• 20 Million

• 20,000

• 1 Million

• 50,000

Answer explanation

Approximately 20 million Americans attend college each year, making it the correct choice.

Arjun, Evelyn, and Scarlett are discussing their college expenses. If they represent the average college population, what percentage of them would have to borrow money to cover their costs?

• 60%

• 45%

• 10%

• 75%

Answer explanation

If Arjun, Evelyn, and Scarlett represent the average college population, 60% of them would have to borrow money to cover their costs. This is because the correct answer choice is 60%.

Grace has a large student loan debt. She heard from her friend Henry that this debt can be removed through bankruptcy. Is this statement true?

• FALSE

• TRUE

Answer explanation

Bankruptcy does not remove student loan debt. The correct answer is FALSE.

Avery, Priya, and Ava are discussing the quality of education. Avery believes that the quality of an education is based on how expensive it is. Is Avery's belief true?

• FALSE

• TRUE

Answer explanation

Avery's belief that the quality of education is based on its expense is not true. The correct answer is FALSE.

Henry, James, and Scarlett are discussing their financial futures. Henry mentions that he heard bankruptcy filings can be removed from financial records after a certain period. How long does it take for bankruptcy filings to be removed from your financial records?

• 10 years

• 15 years

• 7 years

• 3 years

Answer explanation

Bankruptcy filings can be removed from financial records after 7 years.

Michael, Elijah, and Aria are discussing their car loans. Michael mentions that if you have low credit, your interest rate will be high. Is this statement true?

• False

• True

Answer explanation

True. Michael is correct. If you have low credit, your interest rate will be high.

Emma, Nora, and Mason are researching for their sociology project. They are focusing on areas with high college attendance. What are they likely to find in such areas?

• Higher crime rates and lower cost of living

• Low job opportunity and people living outside their means

• Higher Illness, higher welfare, high unemployment

• Decrease in crime, illness and lower welfare enrollment

Answer explanation

Areas with high college attendance are likely to have a decrease in crime, illness, and lower welfare enrollment.

Mia has taken a student loan for her college education. She is facing financial difficulties and is unable to make her loan payments. What does it mean if she opts for a deferment on her loan?

• She can pause paying her loans for a period of time

• The loan is completely forgiven

• Olivia or Kai, her friends, will have to pay her loan

• Her interest rate on the loan is raised

Answer explanation

Opting for a deferment on her student loan means Mia can pause paying her loans for a period of time.

Lily has a student loan. She heard that if she defers her loan, it will pause the occurrence of interest. Aiden and Anika, her classmates, are discussing the same. Is this statement true?

• True

• False

Answer explanation

Deferring a student loan does not pause the occurrence of interest. Therefore, the statement is false.

Kai, Mason, and Evelyn are discussing the current economic situation. Mason says it's a recession. Evelyn asks, 'How do you define a recession, Mason?'

• Mason replies, 'A recession is a temporary decrease in the prices of goods and services.'

• Mason replies, 'A recession is a decline in economic activity that lasts for two quarters or a year.'

• Mason replies, 'A recession is a sudden increase in consumer spending and investment.'

• Mason replies, 'A recession is a period of economic growth and increased employment.'

Answer explanation

A recession is defined as a decline in economic activity lasting for two quarters or a year. This choice accurately describes a recession.