The greatest way to become financially literate is to put your knowledge and good sense into practice. Financial literacy comes with experience. If you know how to handle money, you will be that much wiser. Regarding this quiz, you must know which investment has shown to produce the highest returns over the long term and the house's actual value. If you are curious and want to learn more about finances, this is the quiz for you.
A wholesale real estate deal.
An eBay sale.
A stock trade.
All of the above.
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True
False
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Cheaper
More expensive
Cheaper only if you do it right.
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Bonds
Mutual Funds
Stocks
Commodities
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$5000 to go on an overseas vacation.
$5000 to buy a used car.
$5000 to go to school.
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You need a job to make money.
A dollar saved is a dollar earned.
All debt is bad.
A mutual fund is well diversified.
Managing your money does not restrict freedom.
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Stocks
Money Markets
Certificates of Deposit
Tax Lien Certificates
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The appraised value.
The fair market value.
The average among its comparables.
What someone else is will to pay for it.
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$100
$50
$150
You are not liable for any charges.
You are liable for all charges.
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A stock you own that pays dividends.
A business you own that runs well without you.
A house you use for your personal residence.
A tax lien certificate you bought.
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One that everyone else is buying.
One that is priced low.
One that is undervalued.
One that has a history of yielding good returns.
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