Financial Literacy Quiz! Test Your Trivia Knowledge!
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- 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
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