Financial Literacy Quiz
9 Questions
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Do you know your consumer rights? Try this quiz and find out!
Questions and Answers
- 1.
- A.
True
- B.
False
- 2.I received an e-mail from my bank telling me to click on a link and verify my account information. If I don’t do this, I could have problems with my account.
- A.
True
- B.
False
- 3.I just got my first credit card, and suddenly I’m getting all kinds of credit card offers in the mail. If I want, I can contact someone to stop sending me this junk mail.
- A.
True
- B.
False
- 4.I just bought my first car and got a loan to pay for it. Some months, though, I have trouble making my payments. If I default on my loan, only this lender will know about it, and some day, if I need another loan, I’ll still be able to get it from another lender.
- A.
True
- B.
False
- 5.I want to know what my credit report says about my credit history, but the information is secret and I can't get a copy because only banks can see my credit report.
- A.
True
- B.
False
- 6.
- A.
True
- B.
False
- 7.If I’m late in paying my credit card bill, I may have to pay a late fee in addition to interest charges, and my interest rate may also increase.
- A.
True
- B.
False
- 8.I received an e-mail from a stranger in a foreign country telling me that he has inherited about $15 million from his uncle, but cannot get the money out because of complicated rules. He promises that if I send him $500 to help him, I’ll be guaranteed a percentage of the inheritance. Since the e-mail sender knew my name and e-mail address, I can trust him.
- A.
True
- B.
False
- 9.
- A.
True
- B.
False
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