How Money Savvy Are You?

1. You are expecting your first paycheck on Friday. You worked 10 hours for $10 per hour, and you hope you will be able to buy a $100 ticket to a Taylor Swift concert. What will your paycheck most closely look like?




Correct!
Wrong!
-

2. Unless you have a lot of high-interest debt to pay, or are born into the Kardashian family, when should you start saving for your retirement?




Correct!
Wrong!
-

3. If Beyoncé wants to invest the money she makes on Lemonade, which of these investments will double her money?
Correct!
Wrong!
-

4. If you forgot to pay your credit card bill of $100 last month, and charged another $50 on it this month, what will your next bill most likely include?
Correct!
Wrong!
-

5. Three of these items are examples of fixed monthly expenses. Which one is NOT an example of a fixed monthly expense?




Correct!
Wrong!
-

6. Three of these things are examples of variable monthly expenses. Which one is NOT?
Correct!
Wrong!
-

7. What does it mean to “pay yourself first” (PYF)?
Correct!
Wrong!
-

8. The amount of US currency in circulation ($1.6 Trillion) is
Correct!
Wrong!
-

9. What is the difference between a debit card and a credit card?
Correct!
Wrong!
-

10. Which activity would most likely provide the greatest increase your human capital?
Correct!
Wrong!
-

11. If you invest $1,000 at two percent interest compounded annually, how much will you have at the end of 5 years?
Correct!
Wrong!
-

12. Which statement comparing car and student loans is NOT true?
Correct!
Wrong!
-

This quiz has been created with WordPress Viral Quiz ♥.