6 which of the following are true about the

This preview shows page 4 - 5 out of 5 pages.

6.Which of the following are true about the distinctions between federal directsubsidized and unsubsidized loans? Choose all that apply.°unsubsidized loans need to be repaid, while subsidized loans do not°unsubsidized loans charge interest while you are enrolled in school, whilesubsidized loans do not°unsubsidized loans are available to any US citizen for the asking, whilesubsidized loans are financial need-based°unsubsidized loans are unlimited in size, while subsidized loans havemaximum size limits7.True or False: One should maximize gift aid before taking out student loans, andmaximize federal and state loan options before taking out private loans.8.True or False: College expenses are relatively fixed, with not much you can do tosignificantly lower them.
Module 06 Quiz1.Which of the following are reasons why people generally don't give their money tosomeone else without expecting a positive rate of return? Choose all that apply.
°they don't like other people and want them to have a hard time financially°they are taking on the risk of non-repayment°they are giving up the option to have their money available to them just incase2.If you invest $200 at a 6.5% annual rate of return, what will be the value of yourinvestment in one year?3.If you invest $200 at a 6.5% annual rate of return and leave it be, what will be the
value of your investment in 5 years?4.True or False: When you use a credit card, you are borrowing money from the card
issuer.5.True orFalse: It is impossible to use a credit card without paying any fees or interest.6.True orFalse: Using a credit card provides better fraud protection than using cash ordebit cards.
7.Which of the following are differences between debt and equity investments? Chooseall that apply.
8.Which of the following are disadvantages of the private market? Choose all thatapply.
9.Examine the investment growth spreadsheet. Tweak the inputs. How much in assetswill you have after 20 years of investing $4,000 at 6%? (Include the $4,000 you put inat the end of year 20.)$12828.5411.The rule of "pay yourself first" means which of the following? Choose all that apply.
°When you have a business, give yourself a salary.°°When splitting a cake with friends, take a piece first.°Allocate a portion of income to savings before spending, to pay your futureself.°°Spend your income before paying taxes on it.
End of preview. Want to read all 5 pages?

Upload your study docs or become a

Course Hero member to access this document

Term
Fall
Professor
NoProfessor
Tags
Overdraft

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture