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Exam (elaborations)

FINP 235 EXAM 2 QUESTIONS WITH COMPLETE ANSWERS

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FINP 235 EXAM 2 QUESTIONS WITH COMPLETE ANSWERS

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interview packet


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cover letter, resume, letter of rec, performance evaluations, transcript




what is US consumers debt?

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$17.05 trillion




cheapest place to have a wedding


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oklahoma ($16k)




common wedding ceremony and reception costs include


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venue (top expense $11,200), videographer, wedding planner,
photographer, rehearsal dinner, florist, live band, wedding dress, getaway
vehicle




scholarships are awarded by


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scholarships and financial aid, corps of cadets, Texas A&M foundation,
colleges and departments, outside orgs and businesses




what are installment loans

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Loans approved for a specific amount, due in fall by a specific due date,
and have required monthly payment (ex. Car loan, mortgage and student
loans)




FICO formula


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30% amounts owed, 10% new credit, length of credit history 15%, credit mix
10%, 35% payment history




financial power of attorney


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an agent oversees your finances if you are incapable of doing so




average cost for wedding and reception


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$30,000




HIPPA authorization

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Allows hospitals and insurance companies to share medical info




calculating financial need


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cost of attendance - student aid index = financial need




top global economies


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US ($25 trillion), china ($18 trillion), Japan ($4 trillion), Texas ($2.4 trillion)




where can VIN be found


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beneath windshield, in engine bay, sticker on drivers side door jam




satisfactory academic progress


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