Financial Literacy Checkpoint

Welcome to your Financial Literacy Checkpoint

A budget can be defined as:
If you are unable to pay off the entire balance you owe in credit card debt, the best way to pay off the balance is to _____.
Which of these statements is/are true about debt? More than one answer may be correct. Please select all answers that apply.
Which of the following is an example of “cash flow?” More than one answer may be correct.
Which loan term is best if you want to reduce the total amount you will repay over the life of the loan?
Which of the following is a function of a credit bureau? More than one answer may be correct.
Credit scores generally fall in the range of: (Multiple Choice, single answer correct)
How long do credit bureaus retain positive credit history data? More than one answer may be correct.
Which of the following factors affects the federal tax owed by an individual to the federal government?
Your housing ratio should be no more than around percent of your total income before taxes.
Which of the following is the formula to determine Housing Expense-to-Income Ratio?
Which of the following items will not be affected by inflation?
Which of the following is a risk associated with investing? More than one answer may be correct.
Which of the following factors should you take into consideration when developing your investment plan?
Each month Bradley purchases $200 worth of a stock, regardless of its cost. This is an example of:Add description here!