The Rule of 72 is

What type of bank account offers the easiest access to your money?

How long will it take you to double $2000 at 6% interest rate, compounded annually?

A(n)_____ is a degree title issued by a college or university to a person who has completed undergraduate studies

A(n) _____ is a degree earned upon completion of a program that usually require the equivalent of two or more years of full-time study.

26. A ________ is money that you do not have to repay. It is based on an need and/or academic achievement.

A _______ is money that does not have to be repaid, but must meet standards and qualifications set by the provider.

_____ is a form you and your family must complete to apply for need-based financial aid.

This is a test that assesses high school students’ general education development and their ability to complete college-level work.

TRUE or FALSE - The amount of income you make affects the amount of federal taxes you will owe.

TRUE or FALSE - Some American citizens never pay any form of taxes.

TRUE or FALSE - Dealers set mileage limits on leased vehicles.

TRUE or FALSE - All homeowner’s insurance policies have the same coverage.

TRUE or FALSE - You do not pay for insurance on a leased car.

TRUE or FALSE - If an item appreciates, it decreases in price ( or loses value)

TRUE or FALSE - One late payment can lower your credit score.

TRUE or FALSE - Let’s say your roommate forgot to pay a cable bill. It was entirely his fault, but your name was on the bill. This will not lower your credit score.

TRUE or FALSE - There is such a thing as good debt.

TRUE or FALSE - Renting and buying mean the same thing.

TRUE or FALSE - Debit cards are connected to funds in your bank account.

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