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School
Baruch College, CUNY *
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Course
3100
Subject
Finance
Date
Jan 9, 2024
Type
PNG
Pages
1
Uploaded by aki77
QUESTION
1
Which
is
the
correct
website
for
reporting
and
recovering
from
identity theft?
)
a.www.fraudalert.com
©
b.www.ldentityFraud.gov
()
c.www.crimestoppers.com
@®
d.www.ldentityTheft.gov
QUESTION
2
What
does
the
minimum
payment
warning
on
credit
card
statements
show?
(O
a.How
long
it
will
take
to
pay
off
your
current
credit
card
balance
if
only
minimum
payments
are
made
O
b.
The
total
interest
that
you
will
pay
if
you
only
make
the
minimum
payments
until
payoff
(O
c.
The
additional
payment
amount
you
need
to
make
in
order
to
pay
off
the
current
balance
in
three
years
@
d.All
of
the
above
QUESTION
3
What
is
debt
consolidation?
@
a.Paying
off
high
interest
debt
using
money
borrowed
at
a
lower
rate
of
interest
(©
b.Making
one
payment
to
cover
several
bills
(O
c.
Taking
out
another
credit
card
to
lower
your
credit
utilization
ratio
()
d.None
of
the
above
QUESTION
4
()
a.Debt
consolidation
Paying
as
much
as
you
can
afford
against your
most
expensive
debt
(highest
interest
rate)
and
paying
minimum
amounts
against
all
other
debts
until
that
first
debt
balance
is
paid
off,
then
paying
off
each
debt
in
order
until
you
are
debt
free
is
called?
O
b.Effective
budgeting
O
c.The
credit
utilization
ratio
@
d.The
"Avalanche
Method"
of
debt
repayment
QUESTION
5
Which
of
the
following
is
an
example
of
consumer
debt
not
secured
by
an
asset?
©
a.Home
mortgage
O
b.Boat
loan
(O
c.Car
loan
@
d.
Credit
card
debt
QUESTION
6
Which
is
the
correct
formula
for
calculating
Debt
to
Income
Ratio
(DTI)?
@
a.Divide
the
sum
of
all
of
your
monthly
debts
by
your
monthly
gross
income
and
convert
to
a
percentage
()
b.Add
your
student
loans
and
credit
card
debts
together
then
divide
by
your
last
paycheck
amount
O
c.Divide
your
annual
income
by
your
total
amount
of
debt
and
convert
to
a
percentage
O
d.Divide
your
credit
card
balance
by
your
biweekly
paycheck
amount
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