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- 1. Multiple Choice
Which investment has the possibility of losing money?
Savings account
Stock market
CD
Piggy bank
- 2. Multiple Choice
What is the name of the bank penalty for having a negative balance (less than $0) in your account?
Early withdrawl fee
Compounded interest
ATM fee
Overdraft fee
- 3. Multiple Choice
What are some of the features of a debit card? CHECK ALL THAT APPLY
Tied to a bank account
Can be used for online shopping
Using it improves your credit score
Can be exchanged for gold
- 4. Multiple Choice
What is a degree from a 2-year community college (junior college) called?
Master's Degree
Associate's Degree
GED
Bachelor's Degree
- 5. Multiple Choice
What is an example of a good credit score?
5000
795
250
500
- 6. Multiple Choice
What usually comes with a checking account? CHECK ALL THAT APPLY
Debit card
Can check balance through online/app
Checks
Bonds
- 7. Multiple Choice
Derogatory marks (late/missed payments) can stay on your credit score for 7-10 years
TRUE
FALSE
- 8. Multiple Choice
Making a budget (and sticking to it!) can help you achieve financial goals
TRUE
FALSE
- 9. Multiple Choice
For credit cards, it is better to have a higher APR % (interest rate)
TRUE
FALSE
- 10. Multiple Choice
Why is it better to pay off credit card purchases quickly? CHECK ALL THAT APPLY
If you don't pay quickly, the money you owe will keep increasing
Missed payments will lower your credit score
It will make your stock prices go up
If you don't pay your credit card bills, you may not be able to buy a car or house in the future
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