EPF Unit 2 Test Review
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Financial Education
12th Grade
Used 9+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is true about auto insurance premiums?
If you have an auto insurance policy and get into multiple accidents within one year, your premium amount will increase
Your premium amount will decrease if you have a clean driving record
Auto insurance premiums are fixed and do not change over time
Your premium amount will only increase if you file a claim for theft
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the value of a college degree
A college graduate can expect to earn, on average, more than a high school graduate over a career
A college degree guarantees a high-paying job immediately after graduation
High school graduates earn more than college graduates in the long run
College graduates have more job opportunities but not necessarily higher pay
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Your school counselor cannot
Negotiate lower interest rates with your lenders
Provide legal advice on financial matters
Help you apply for scholarships
Assist in finding part-time jobs
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of filing a FAFSA?
To determine federal student aid eligibility
To apply for a scholarship
To register for classes
To obtain a student loan
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
As you make decisions during college, you should focus on…
Maximizing your social life at the expense of academics
Balancing your academic, social, and financial decisions to make the most out of the entire experience while setting yourself up for success post-college
Choosing a major based solely on potential income
Avoiding financial planning to enjoy college life
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Although it’s not a type of financial aid, how can transferring credits from a community college help save you money on college costs?
It allows you to take more classes at a community college.
It reduces the amount of credits you’ll have to pay for at your 4-year college.
It increases your chances of getting scholarships.
It provides you with a higher degree immediately.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which way to pay for college is MOST likely to be based on someone’s financial need?
Scholarships
Loans
Grants
Work-study programs
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