Interest begins accruing immediately for which of the following? a) direct consolidation loan b) direct (federal) unsubsidized loan c) plus loan d) all of the choices are correct

Based on the results of the emergency fund formula, how many months of expenses should a person have saved? a) 2-4 months b) 3-6months c) 5-7months d) 4-6months

Which of the following describes compounding interest? a) interest is paid out at maturity b) interest s paid out more than once a year c) interest is earned on principal d) interest earned begins to earn additional interest

A borrower might benefit from what program if they decide to work for either a nonprofit hospital or a public health organization? a) FAFSA loan forgiveness program b) plus loan service program c) CSS loan consolidation program d) Public service loan forgiveness (PLSF)

For the long term, what type of returns should investors seek? a) the answer depends on an investor's risk tolerance b) lower than inflation c) higher than inflation d) about equal to inflation

Harpreet rents an apartment in a high-rise building. A fire started from a neighbors cigarette and caused damage to his unit. He anticipates $8,000 in personal belongings damaged and $22,000 in building repair. What type of insurance should he have to protect himself from a situation like this? a) named perils homeowners insurance b) personal property floater insurance c) special perils homeowners insurance d) renters insurance

Who can contribute to a health savings account (HSA)? a) Individuals who earn less than the maximum income levels set by the internal revenue service (IRS) b) individuals who participate in a high-deductible health plan c) Individuals who participate in a low deductible health plan d) individuals who participate in a managed care health plan