Understanding Net Worth — Unit test Answers

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This graph compares the cost of room and board at educational institutions in Texas.

public community colleges are considered to be affordable alternatives to private community colleges.

students in Texas have become increasingly drawn to technical schools over community colleges.

many students might choose an alternative living situation over paying room and board at a four year institution.

some Texas students have opted to delay attaining a degree in higher education for several years.

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Which payment option provides consistency in on-time bill payment?

mailing a check

making a payment by telephone

submitting an online payment

automatic withdrawal

Which is a long-term consequence of making late payments on your bills?

It will be harder to secure a new loan at a low rate.

The balance in your checking account will be negative.

There will be a late fee.

The number of payments will increase.

This graph shows student loan debt in the United States from 1994 to 2009.

Student loan debt will most likely decrease in the coming years.

Students have taken out higher and higher loans since 1994.

Enrollment for higher education will soon begin to decrease.

Tuition for higher education has risen steadily since 1994.

How does an employer's presentation of retirement savings options affect employees' decisions to save?

by automatically enrolling employees to tap into their default bias

by assigning employees to different saving courses in the retirement plan

by offering various saving courses in the retirement plan

by making the plan more complex to get employees more involved

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