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Quiz 13: Saving, Banking, Debt, and Credit Issues

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All of the following are credit reporting centers EXCEPT
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(Multiple Choice)

Answer:

D

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Selling information is illegal.
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(True False)

Answer:

False

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Online auctions outpace online banking.
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(True False)

Answer:

False

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There is a wait time before funds are withdrawn after using a debit card.
(True False)
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An individualʹs or familyʹs standard of living and future financial stability hinge on the ability to accumulate, save, invest, protect, and spend money wisely.
(True False)
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To be successful, goals should be flexible, action-oriented, specific, and realistic.
(True False)
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The Truth In Savings Act requires all of the following EXCEPT
(Multiple Choice)
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Who is a specialist trained to focus on who gets the assets in a divorce?
(Multiple Choice)
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The bankruptcy that allows debtors to repay some of the debt they owe while arranging in return for them to keep most of their property is called
(Multiple Choice)
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A CD is a type of
(Multiple Choice)
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Financial planning is a lifelong process.
(True False)
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The Federal Deposit Insurance Corporation is government insurance of bank and savings loan accounts up to how much money?
(Multiple Choice)
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If a person files bankruptcy, they no longer have to pay their student loans.
(True False)
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Legal rights to take and hold property if a person with a loan doesnʹt pay are called
(Multiple Choice)
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The possibility of experiencing loss or harm is
(Multiple Choice)
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Ultimately, the cost of bankruptcy is passed down to the people who pay their bills and are responsible through higher interest rates, credit charges, and higher taxes.
(True False)
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The cost of using money is called
(Multiple Choice)
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Of the many agencies regulating the use of credit, the Federal Trade Commission is foremost.
(True False)
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Chapter 7 Bankruptcy looks better than Chapter 13 Bankruptcy on a personʹs future credit report.
(True False)
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Under normal economic conditions, a recommended financial goal is having an emergency fund of how many monthsʹ salary?
(Multiple Choice)
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