11th Grade Financial System Quizzes, Questions & Answers

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Credit - Credit Rating Education Done In Time!
Credit - Credit Rating Education Done In Time!

This quiz is a supplementary to http://www.creditgogetter.info, an informational website containing basic knowledge on personal credit and finance for high school students.

Questions: 11  |  Attempts: 148   |  Last updated: Mar 20, 2025
  • Sample Question 1
    If the balance of your credit card is $10,000, the bank charges you with a 17% interest rate, and the minimum payment is 4% of the outstanding balance, how much interest will you be charged in total if you only pay the required minimum payment every month before you pay off?
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  • Sample Question 2
    A good budget should be very tight; therefore, you can take good control of your money and spend your money more efficiently.
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  • Sample Question 3
    The Canadian Government established plans such as the Canada Pension Plan and Old Age Security that will provide sufficient retirement income for retirees. These retirees do not need to further supplement their retirement income in order to live an ideal lifestyle.
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