True or false questions:
1. a long-term goal is one you want to achieve in less than 12 months time
2. financial aid is available for only full-time students
3. the interest rate can be fixed or it can be adjustable
4. when you have roommates, it is best to put your agreement in writing and have each roommate to sign the agreement
5. according to the u. s. department of labor, the average u. s. worker changes careers 35 times during his/her lifetime
6. the interest rate is essentially determined based on the risk assessment of the lender
7. personal loans are normally used for various types of big ticket purchases individuals routinely make
8. according to the rule of thumb, if it sounds too good to be true then it is!
9. each time you use a debit card, the money is taken from your account almost immediately.
10. some banks offer an overdraft privilege, which means if you make a payment out of your account by writing a check or using your debit card, the bank does not promise to cover the purchase amount
11. dependents include your spouse, children, and other people you support
12. the most you will be liable for is $500 of charges someone else makes on your account
13. you pay more in interest if you borrow money for 15 years instead of 30
14. virtual banks have a physical location you are able to walk into and do your banking
15. a bankruptcy statement will show up on your credit report for 10 years