GNED 199 Financial Literacy Assessment

Buying a single company's stock usually provides a safer return than a stock mutual fund.

The current retirement age (aka entitlement age) for the youngest generation alive is:

How often can you get a free credit report?

If someone steals your credit card and charges $1,000, what is the maximum amount you must pay according to federal law?

It's okay to skip payments on your bills some months as long as you pay the next month.

Your savings account has 1% interest at 2% inflation per year. After 1 year, you'd be able to buy ____ you could today.

Imagine you have $100 in a savings account. Without spending any and at 3% interest, how much would you have in 5 years?

Which of the following is not a method to improve your credit score?

If you default on a loan, only that lender will know about it, and if I need another loan, I can use another lender.

When you earn your Bachelors Degree, how much more money can you expect to earn than if you only had a HS diploma?