Financial Literacy Quiz #1

Credit allows you to?

The 80/20 rule is 80% behavior and 20% knowledge?

Which of the following can a Credit Score impact?

The number one factor in determining a credit score is

What is a loan?

A closed-ended loan is __________.

A credit score has a range from?

The average family in the USA has __________ in credit card debt.

You should only pay an annual fee for a credit card if the benefits are worth more than the actual fee.

What is interest?

You don't have to pay an annual fee of $25 to get a copy of your credit report.

What is a credit score?

What is the 50/30/20 rule?

What kind of loan is a cedit card?

A person paid every two weeks is paid?

A minimum credit score you should strive for is

The number of credit accounts a consumer holds affect their credit score?

How does high credit score affect your interest rate?

Three major credit bureaus are Equifax, Experion, and Transunion?

___________ in a savings account, is calculated as a percentage of what you have saved.

A Roth IRA allows you to?

A _______ account allows you to invest for a set period of time with set interest.

Average credit card APR?

What is the Prime Rate?

What is an interest rate?