Answers General Financial Literacy - Brinkerhoff - 2000 - 202627 Insurance — Unit testQuestion 24

24

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Insurance — Unit test

Question 24 of 25 • General Financial Literacy - Brinkerhoff - 2000 - 2026/27

Which statement best explains a grant?

Answer

A

A grant is money awarded to a student, usually based on financial need.

B

A grant is aid given to a student by an institution, often based on academic success.

C

A grant is money borrowed by a student to pay for an education that will need to be repaid.

D

A grant is the price of attending classes at a school.

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