Crazy Financial Literacy Questions (Part 2)

Question 1

Some countries have issued coins made of wood.

Accepted Answer

True

Question 2

Companies like Coca-Cola and McDonald's pay regular dividends to shareholders.

Accepted Answer

True

Question 3

A FICO credit score of 300 is considered excellent.

Accepted Answer

False

Question 4

Apple is the only company ever valued at over $1 trillion.

Accepted Answer

False

Question 5

The first coins were created in ancient Lydia, near modern-day Turkey.

Accepted Answer

True

Question 6

A debit card is safer online than a credit card

Accepted Answer

False

Question 7

You can open a retirement account as a teenager if you have earned income.

Accepted Answer

True

Question 8

Your credit score can be affected by unpaid parking tickets.

Accepted Answer

False

Question 9

All cryptocurrencies are completely anonymous and untraceable.

Accepted Answer

False

Question 10

There are vending machines in Japan that accept cryptocurrency.

Accepted Answer

True

Question 11

It’s illegal to destroy U.S. coins.

Accepted Answer

False

Question 12

It’s possible to earn interest on a checking account

Accepted Answer

True

Question 13

The average U.S. credit score is over 800

Accepted Answer

False

Question 14

You can invest in real estate using crowdfunding platforms.

Accepted Answer

True

Question 15

Investing in the stock market is guaranteed to make money every year.

Accepted Answer

False

Question 16

You must pay taxes on all the money you receive, including birthday gifts.

Accepted Answer

False

Question 17

The highest denomination of U.S. paper money ever printed was $10,000.

Accepted Answer

False

Question 18

Most financial advisors recommend 3 to 6 months of emergency savings.

Accepted Answer

True

Question 19

The phrase “buying on margin” means borrowing money to invest.

Accepted Answer

True

Question 20

You can go to jail for not paying your credit card bill.

Accepted Answer

False

Questions 20