Chase Your Dreams - Hip Hop Financial Literacy Workshop

10 Questions | Total Attempts: 31

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Literacy Quizzes & Trivia

Thanks for attending our workshops! Now is the time to show off what you've learned! Use all the tools given to you during our workshops, including the Chase Your Dreams Youth manual, to fill out this quiz. Afterwards we'll send you your own Chase Your Dreams tee-shirt! Don't forget to sign up for the Chase Your Dreams fan page on facebook and to join Hip Hop USA. Facebook:http://www. Facebook. Com/profile. Php? Ref=profile&id=4602518#/pages/Chase-Your-Dreams/126993302147? Ref=tsHip Hop USA:http://www. Hiphop-usa. Com/


Questions and Answers
  • 1. 
    How does a car depreciate?
    • A. 

      Driving it everywhere

    • B. 

      Keeping it in storage

    • C. 

      Washing it everyday

    • D. 

      All of the above

  • 2. 
    What does not make a property experience appreciation?
    • A. 

      Inflation

    • B. 

      Supply and demand

    • C. 

      Capital improvements

    • D. 

      Active income

  • 3. 
    What is not an asset?
    • A. 

      Cash

    • B. 

      Cars

    • C. 

      Clothing

    • D. 

      Newspaper

  • 4. 
    Which is not a way for achieving financial freedom?
    • A. 

      Owning property

    • B. 

      Owning a business

    • C. 

      Owning bonds

    • D. 

      Owning elaborate shoes

  • 5. 
    What is the purpose of a monthly budget?
    • A. 

      Protect and maximize your savings

    • B. 

      Buy new clothes

    • C. 

      Get a new credit card

    • D. 

      Invest in stocks

  • 6. 
    What is a form of passive income?
    • A. 

      A good job

    • B. 

      Cars

    • C. 

      Old checks

    • D. 

      Stock

  • 7. 
    What do some people do with their savings?
    • A. 

      Buy a house

    • B. 

      Buy a car

    • C. 

      Go on vacation

    • D. 

      All of the above

  • 8. 
    True or False: When the privilege of credit is accepted to purchase an item or a service, a debt is incurred?
  • 9. 
    Which place costs the most to cash your check?
    • A. 

      Bank

    • B. 

      Credit union

    • C. 

      Check cashing store

    • D. 

      Savings bank

  • 10. 
    Who helps Mike Jones make important financial decisions?
    • A. 

      Dipset

    • B. 

      Financial counsel

    • C. 

      No one, he’s Mike Jones and doesn’t need help

    • D. 

      Family and friends