A Quiz On Personal Finance! Trivia

41 Questions | By Andrew Wood | Updated: Mar 21, 2022 | Attempts: 84

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A Quiz On Personal Finance! Trivia - Quiz

A quiz on personal finance! This type of finance is centered on individual expenses, savings and investments. Do you know the number of taxes and rates that are deducted from your paychecks and how to amount for commissions? Worry not as the quiz below will help you get some practice on understanding on some basic finance concepts and how to use them in making financial decision. All the best!

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Current Version
Mar 21, 2022

Quiz Edited by
ProProfs Editorial Team
Apr 14, 2016

Quiz Created by
Andrew Wood

A Quiz On Personal Finance! Trivia

A good credit score is around 350 while a bad score is 750-850.

Jose's pay is based only on how many bags of apple he picks on the farm. What type of pay is it?

What type of payment do you commonly make at a doctor’s office?

When you purchase snacks at a store you will pay______ taxes?

The real estate agent that sells a house would most likely be paid by____________?

Frank sold a house for $235,000. How much does the real estate agent earn if his commission is 6%?

Which is NOT a common deduction taken out of your paycheck?

A tax that pays for health care for people aged 65 and older.

If your bank account is overdrawn and goes negative you will be charged a ________ fee.

If you need to set up a direct deposit for your paycheck to go directly into your bank account, what piece of information does your employer need off your account?

A type of interest rate that stays the same over the life of the loan.

Which of the following would charge the highest fees and interest rates for borrowing money?

Which of the following is a special bank that requires you to be invited to join and is run by its members?

The FDIC insures your bank deposits up to _________________

What are the monthly earnings if the annual earnings are $43,290?

You want to buy a shirt with an original selling price of $75.00 and the markdown(discount) is 25%. What is the new price after the markdown?

The form used to report the taxable income a worker received during the calendar year is: Hint: *This is the form you get from your job in January every year that you need to file taxes!

A type of insurance that protects against financial loss as the result of injury or illness is:

During Hurricane Katrina, many homeowners did not have sufficient property insurance to cover the losses of their homes. What insurance would you purchase to properly insure your home in addition to a basic homeowner’s insurance policy to protect against water damage?

What government agency is in charge of collecting taxes in the united states?

What is a mortgage?

When you stop paying your mortgage payment the bank will put your house in ___________ and try and sell it.

If you want to rent property like an apartment you will need to sign a ________which obligates you to pay to rent and follow the rules of the contract.

A loan where you pledge something valuable as collateral is a________________ and a loan that is only based on your credit worthiness is a ________________ .

Which of the following is a type of retirement plan offered by your employer?

Comprehensive insurance coverage is needed when

Your dog runs out in front of you and you swerve to and hit a tree. What type of insurance would fix your car?

Nick Rhodes owns a home in Edmond, Oklahoma, and pays $665 per year in insurance on his home. The $665 payment he makes is an example of a________

State Farm, Allstate, and Progressive would be examples of a ______________?

Jonathon had a severe back injury and required 3 surgeries. His medical bills totaled $18,000. Luckily, he had insurance and only had to pay $1,000. What was his payment called?

What type of car insurance is required by law in Mississippi and fixes the other person's car when the accident is your fault?

A banking method for estimating how long it will take compound interest to double your money?

___________ is the amount of money you made off an investment. For example, you buy some land as an investment for $100,000 and sell it for $150,000. You made $50,000.

On your paystub, money is deducted from your paycheck each money for Medicare and Social Security, which are federal programs that provide benefits for retirees, disabled people, and children of deceased workers. What is another name for this taxon your paystub?

Dan is an office worker and gets paid a monthly salary. If he signs a work contract with a yearly salary of $45,000 what would he get paid monthly?

If I tried to get insurance for a roll of toilet tissue it would be considered a __________ because it is a product that is disposable.

If you have 3 credit cards with high interest you can combine those into one more affordable loan with lower interest. This is also called a loan_______________________.

If someone died and their children received their life insurance policy. The children would be considered their ________________________.

After you charge something on your credit card, you have a _________________which is the amount of time you have to pay off your balance before you start paying interest.

What credit law requires lenders to be show the true cost of credit and not hide any information from the borrower?

When the credit bureau tries to calculate your credit score which factor is the most important?

A loan where you pledge something valuable as collateral is a and a loan that is only based on your credit worthiness is a .