Financial Literacy Quiz! Test Your Trivia Knowledge!

12 Questions | Total Attempts: 67

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Financial Literacy Quiz! Test Your Trivia Knowledge!

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Questions and Answers
  • 1. 
    How much in charges are you liable for if your credit card is stolen?
    • A. 

      $100

    • B. 

      $50

    • C. 

      $150

    • D. 

      You are not liable for any charges.

    • E. 

      You are liable for all charges.

  • 2. 
    Which investment has shown to produce the highest returns over the long term?
    • A. 

      Bonds

    • B. 

      Mutual Funds

    • C. 

      Stocks

    • D. 

      Commodities

  • 3. 
    Which loan is likely to have a lower interest rate?
    • A. 

      $5000 to go on an overseas vacation.

    • B. 

      $5000 to buy a used car.

    • C. 

      $5000 to go to school.

  • 4. 
    Which of the following is not asset?
    • A. 

      A stock you own that pays dividends.

    • B. 

      A business you own that runs well without you.

    • C. 

      A house you use for your personal residence.

    • D. 

      A tax lien certificate you bought.

  • 5. 
    Which of the following is the least liquid investment?
    • A. 

      Stocks

    • B. 

      Money Markets

    • C. 

      Certificates of Deposit

    • D. 

      Tax Lien Certificates

  • 6. 
    Your insurance rates are set in stone and cannot be negotiated.
    • A. 

      True

    • B. 

      False

  • 7. 
    Buying in bulk from stores like Sam's Club and Costco is:
    • A. 

      Cheaper

    • B. 

      More expensive

    • C. 

      Cheaper only if you do it right.

  • 8. 
    Which of the following statements is true?
    • A. 

      You need a job to make money.

    • B. 

      A dollar saved is a dollar earned.

    • C. 

      All debt is bad.

    • D. 

      A mutual fund is well diversified.

    • E. 

      Managing your money does not restrict freedom.

  • 9. 
    When looking for an asset to buy, the best kind to get is:
    • A. 

      One that everyone else is buying.

    • B. 

      One that is priced low.

    • C. 

      One that is undervalued.

    • D. 

      One that has a history of yielding good returns.

  • 10. 
    Which of the following is a transaction where everybody wins?
    • A. 

      A wholesale real estate deal.

    • B. 

      An eBay sale.

    • C. 

      A stock trade.

    • D. 

      All of the above.

  • 11. 
    What is the true value of a house?
    • A. 

      The appraised value.

    • B. 

      The fair market value.

    • C. 

      The average among its comparables.

    • D. 

      What someone else is will to pay for it.

  • 12. 
    Which is more valuable?
    • A. 

      Your Time

    • B. 

      Your Money

    • C. 

      Your Spouse