Exam 10: Making Financial Decisions

Deposits to a checking account generally require 24-48 hours to clear.

If a professor agrees to write a scholarship reference, what information should you give to him or her?

How can you protect your identity when making Internet purchases?

Identity thieves often engage in an activity known as

If a bank offers overdraft protection, it agrees to pay the interest on your credit card balances.

College work-study programs are federally funded programs that provide campus jobs for students demonstrating financial need.

What are three online resources for financial aid?

What are nondiscretionary costs?

Some examples of phishing targets include

It is considered a good financial practice to audit your budget twice a year.

Another word for auditing your budget is __________ it.

What factors affect your credit score?

Both Perkins and Stafford loans must be repaid within 10 years.

__________ is a sign of credit card danger.

You must begin repaying a Perkins loan __________ months after you graduate, leave school, or drop below half-time status.

A good online source of scholarship information is

Once someone gets access to your information, the user may access your bank or credit card accounts.

Checks are a widely accepted form of payment, but only if you show proper identification.

What is the difference between minority scholarships and restricted scholarships?