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Can You Pass This Hardest Finance Test? Trivia Quiz

Question 1 of 3

Q1 . If a credit card is used properly, what benefits does it have for the cardholder?

Q2 . A spending plan is affected by which of the following factors?

Q3 . If expenses were to exceed income on a spending plan, what would be a financially smart solution?

Q4 . Which of the following is a factor that influences automobile insurance rates?

Q5 . Which of the following is an act of identity theft?

Q6 . What is financial planning?

Q7 . Depository Institutions offer a wide variety of services including:

Q8 . The value of a stock can change when:

Q9 . In order to make an informed career decision, a high school student will want to:

Q10 . When comparing and contrasting debit and credit cards, it could be said that:

Q11 . Individuals with more formal educational training usually have:

Q12 . Kaylee will save her allowance of $25 per month to purchase a $150 mp3 player in six months. This is an example of what type of goal?

Q13 . Electronic banking allows the consumer to:

Q14 . A need is best defined as:

Q15 . Which of the following actions will not make an individual vulnerable to identity theft?

Q16 . What is inflation?

Q17 . Chance is 25 years old, single, and has no children. He has just graduated from college and has accepted a job as a mechanical engineer. These are examples of Chances:

Q18 . The government uses money collected from taxes to:

Q19 . How can a cardholder avoid paying interest on a credit card?

Q20 . Goals are most likely to be accomplished if an individual:

Q21 . Only making the minimum payment on a credit card every month will:

Q22 . Tiffany was recently involved in a vehicle accident. In order to get her car fixed, her insurance company is requiring her to pay the first $500 of the repair bill because:

Q23 . Which of the following is NOT included in an individual’s credit report?

Q24 . A low credit score will affect an individual financially because the _______________.

Q25 . Health insurance coverage usually excludes __________________.

Q26 . The type of insurance that is the minimum required by law for automobiles is:

Q27 . Jenny is 18 years old and has applied for credit for the first time. Her credit application was declined, because she had no credit history. What should Jenny do to begin to build a positive credit history?

Q28 . A cosigner is a person who is:

Q29 . Which of the following statements correctly describes the security level of savings tools?

Q30 . A consumer will develop a positive credit history if they:

Q31 . The relationship between risk and return in investing can be stated as:

Q32 . Consumers may save money when purchasing automobile insurance by:

Q33 . Before a renter is allowed to take possession of a rental property, they will be expected to:

Q34 . Which of the following has the least influence on an individual's values?

Q35 . When comparing and contrasting savings and investing, which of the following is true?

Q36 . In order to use online banking safely when making a purchase or when paying a bill, a person should make sure to:

Q37 . Hannah needs a savings tool to help her manage her everyday purchases. The savings tool needs to be very liquid and accessible. Which of the following savings tools should Hannah choose?

Q38 . An individual can decrease the risk of fraudulent use of their credit cards by:

Q39 . When may a person view his/her credit report for free?

Q40 . Renter’s insurance is not required, but is a good idea because:

Q41 . Funds deposited in a federally insured account (FDIC) are protected against loss for up to:

Q42 . Life insurance should be purchased when the individual:

Q43 . A dependent is a person who:

Q44 . Bob is working for a bank. He earns $8.00 an hour, works 40 hours a week, and gets paid every 2 weeks. He pays $63.08 into federal withholdings, $33.21 into state withholdings, and $42.05 into FICA. What is Bob’s net pay on his paycheck?

Q45 . The equity that you build by making mortgage payments is:

Q46 . Lora is a high school computer and technology teacher. She enrolls in a computer class at least twice per year to stay current on recent technology changes and updates. By continuing her education, Lora is investing in her:

Q47 . Amenities in a living space may include which of the following?

Q48 . Susan is currently working in Kansas City, MO earning $30,000 a year. She is offered a position in Indianapolis, IN earning $32,000 a year. If Kansas City's index is 100 and Indianapolis' index is 115, which is true? (Index 2/Index 1) * Salary City 1

Q49 . Bob is working for a bank. He earns $8.00 an hour, works 40 hours a week, and gets paid every 2 weeks. He pays $63.08 into federal withholdings, $33.21 into state withholdings, and $42.05 into FICA. What is Bob's gross pay on his paycheck?

Q50 . How liquid is a savings account?

Q51 . A diversified portfolio is desirable because it:

Q52 . If a credit card is used fraudulently, what is the cardholder's personal liability for the unauthorized charges?

Q53 . The base price that is quoted is the price of the car:

Q54 . One element of a financial goal is missing in the example below. Which one is it? "I will save $150 each month to go on a vacation in one year."

Q55 . What does “pay yourself first” mean?

Q56 . The maximum amount an individual should pay for the purchase price of a home is:

Q57 . Action statements should be used when writing a résumé. Which of the following is a properly written action statement?

Q58 . Chris has just discovered that he has been a victim of identity theft. What should he do to resolve the theft?

Q59 . Shelley's net income is $1500 per month and her total expenses equal $1200. What is the minimum amount of money Shelley should keep in the form of liquid assets that are not used to pay for current consumption?

Q60 . What is a convenience product?