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FP 101 Assignment_ Final Exam
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Download answer at https://www.examtutorials.com/course/fp-101-assignment-final-exam/
Assignment: Final Exam Resource: Appendix D Complete the Final Exam located under Assessments on your student Web site. You may complete the exam only once. Copy and paste your exam results into a Microsoft® Word document.o Press Ctrl + A on your computer keyboard to select all of the text.o Press Ctrl + C on your computer keyboard to copy the text.o Open a blank Microsoft® Word document.o Press Ctrl + V on your computer keyboard to paste the text into a Microsoft® Word document. Post the Microsoft® Word document with your Final Exam results.Final Assignment1) When does repayment of a PLUS loan begin?A. 6 months after disbursementB. 6 months after graduationC. 9 months after graduationD. 2 months after disbursement2) Which of the following is true about credit reports?A. A credit report does not list requests for your credit report.B. You always have to pay for a credit reportC. There is only one credit bureau that provides credit reportsD. You can get a free credit report by contacting a credit bureau.3) Which of the following is true about student loans?A. All student loans are subsidized.B. All student loans are issued by the federal government.C. Rates on student loans tend to be more favorable than other types of consumer credit.D. You do not need to be a US citizen to obtain a loan from a federal program.4) Which of the following is not a good reason to refinance a home mortgage?A. A reduction in the term of the mortgageB. Access to the equity in the homeC. A reduction in the interest rate of at least 1 perccentD. A significant increase in the monthly payment.5) Which of the following is not true about student loans?A. There are two types of student loans: subsidized or unsubsidized.B. You may qualify for a loan even if you are in default on another student loan.C. It is possible to defer payment on some student loans until after you graduate.D. They often carry lower interest rates than other types of loans or credit cards.6) Which of the following is considered a sign of credit card debt trouble?A. You are at or over the limit on all of your credit card accountsB. Don’t use your credit cards to pay for regular expendituresC. You avoid credit cards with high interest ratesD. You pay your credit card balances in full every month https://www.examtutorials.com/course/fp-101-assignment-final-exam/ |
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