Liberty UNIV 104 Learnsmart Assignment Week 6 Money Management Answers Complete Solutions
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Which of these accounts is the best choice to help you manage your money on a day-to-day basis?
What is one of the main purposes of student financial aid?
Which type (or types) of account allows you to spend money out of the account?
When working with a financial institution, you can expect which of these to be true?
Scholarships and student loans are both types of financial aid. What is the main difference between a scholarship and a student loan?
Renee takes out a loan to attend college but drops out after a semester. When must she begin repaying her loans?
The bank where you have a savings account sends you a notice of an interest payment. What should you do?
Your response to targeted advertising on the television and online may be a subconscious factor that influences your approach to money management.
Most financial advisors believe that you should spend no more than percent of your income on flexible monthly expenses such as entertainment, personal care items, and groceries.
Which of the following are positive influences that can assist you in making better spending decisions?
Grants are available from:
STATUS
What is the advantage of keeping your money in a savings account?
Grants and are similar in that neither one needs to be paid back.
Mara wants to buy groceries, but the cashier tells her that the store does not accept personal checks. What should Mara do?
A student is a specific type of a credit that must be paid back.
Once you have created your budget, is there anything else you need to do?
Having is important in case you have a large, unexpected expense.
Which of the following is a form of credit?
Which of these would it be a good idea to do if you realize that you are overspending?
What happens when you present your credit card to pay for a purchase?
What happens when you make a payment on your credit card bill?
Which of these is an example of student financial aid that you must repay after you leave school?
When a student demonstrates academic merit and receives a financial award that does not need to be paid back, it is called what?
Grants are an example of which of these?
Which of the following practices can help you manage student loan debt?
Why do some banks and other financial institutions pay you for depositing money with them?
Emma finds out that her car will need $600 in repairs. In her situation, which of these is it important for her to have?
Typical loan repayment plans are set up with payments.
How much will you need to pay to maintain your bank account?
Budgeting as a money management strategy can help you reach your financial goals.
According to many financial advisors, if you have $1,000 per month in income, what is the most you should set aside for debt reduction, such as paying off a car loan?
In the plan for spending, what portion of your income should be designated for fixed expenses?
If you have the choice to fund your education through a student loan or a grant, which should you pick?
Which of these correctly describes a student loan?
Your credit card interest rate is 18%, and you charge $1,000 on that card. How much will you owe at the beginning of the next billing period if you do not pay the entire bill right away?
