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
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
