Final Part 2

All of these are ways to build good credit EXCEPT

• Open multiple credit cards and max them out

• Put a telephone bill in your name

• Paying your bills on time

• Open a savings and or checking account and deposit money

How long does bankruptcy stay on your record?

• 7 years

• 10 years

• 15 years

• 20 years

What is NOT a 3 C of credit?

• Character

• Credentials

• Capacity

• Capital

Credit bureaus decide if you will receive a loan or not.

• True

• False

The picture shows what in regards to a loan:

• Principal and interest remains the same over time

• Amount of principal paid increases over time

• Amount of principal paid decreases over time

All of these are factors to consider when choosing a credit card EXCEPT:

• Annual Percentage Rate (APR)

• Design on the card

• Annual Fee

• Rewards

Which is the riskiest type of investment?

• Single Stock

• Money Market Account

• Mutual Fund

• Bonds

An advantage of this investment is the automatic diversification it provides:

• Single Stock

• Money Market Account

• Mutual Fund

• Bonds

This type of account locks up your money for a specific time period for higher interest:

• Certificate of Deposit (CD)

• Money Market Account

• Traditional Savings Account

• Checking Account

If you BUY 10 shares of stock for $10 each and SELL them for $5 each, your gain/loss is:

• $100 loss

• $100 gain

• $50 loss

• $50 gain