Financial literacy exam - Study guides, Class notes & Summaries

One way that leads a person to earn additional income is for the person to - Answer-Increase her knowledge or improve skills Entrepreneurs who start a new business with the hope of making a profit are - Answer-Accepting the risk of financial loss if unsuccessful Income can be earned or unearned. Which of the following is an example of unearned income? - Answer-Interest from bank accounts Which of the following terms is correctly matched - Answer-Gross income- salary before taxes What stra...

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Financial Literacy Exam Questions and Answers

Financial Literacy Exam 1 With Properly Answered Questions

What two factors count for 65% of your FICO score? A) Income and payment history B) Employment history and outstanding debts C) Payment history and outstanding debts D) Income and outstanding debts - c) Payment history and outstanding debts Which company has developed the MOST commonly used credit score to evaluate an individual's credit? A) Experian B) Transunion C) Fair Isaac Corporation D) Equifax - c) Fair Isaac Corporation You should try to achieve a FICO score of at least ...

Financial Literacy Exam Questions With Complete Solutions Already Passed

Financial Literacy Exam 1 With Properly Answered Questions

Personal Financial Literacy Exam With Complete Solutions.

Wise Financial Literacy Exam Questions With Complete Solutions In order to get spending under control, a person should first ️️create a budget of current income and expenses. Comparison shopping for a car is necessary because ️️the price for the car can vary a great deal. Financial planners generally stress the importance of starting to save and invest early because ️️of the power of compounding and appreciation. An important feature of a good financial goal is that the...