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Fcs 340 Exam 2 Certification Evaluation Tested Questions Full Solution Guide.pdf

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Fcs 340 Exam 2 Certification Evaluation Tested Questions Full Solution G

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FCS 340 EXAM 2 CERTIFICATION EVALUATION TESTED QUESTIONS FULL SOLUTION
GUIDE




Question:
Emergency fund.

Answer:
3-6 months of family expenses



Question:
Cash management alternatives.

Answer:
Cash Checking/Savings CDs Money Market Funds



Question:
Financial institutions.

Answer:
Commercial banks Online banks Credit Unions



Question:
Evaluation criteria.

Answer:
Cost Convenience Considerations Security Gain (Cool Cats Can Spot Gold)



Question:
Higher liquidity =.

Answer:

, lower interest-rate



Question:
True or False: Credit reports aren't always correct or relevant.

Answer:
True



Question:
What is weighed most heavily when evaluating credit?

Answer:
Payment history



Question:
FICO.

Answer:
Most common credit report



Question:
How often should you review your credit score?

Answer:
Monthly



Question:
How often should you review your credit report?

Answer:
Annually

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