Financial Literacy - Thanksgiving Quiz

Question 1

It is a good idea to note your race and gender in a cover letter.

Accepted Answer

False

Question 2

A check written for more money than your account contains is a(n)

Accepted Answer

overdraft

Question 3

What is the goal of a resume?

Accepted Answer

Land an interview

Question 4

Savings accounts are convenient places to store money when you need easy access to it

Accepted Answer

False

Question 5

When you first get a job, you must fill out a W2.

Accepted Answer

False

Question 6

Net profit is gross revenue minus variable costs

Accepted Answer

False

Question 7

In the SMART method of setting goals, what does the R stand for?

Accepted Answer

Relevant

Question 8

An entrepreneur takes on all the risks and the rewards of starting a new business.

Accepted Answer

True

Question 9

A credit card is directly linked to your bank account.

Accepted Answer

False

Question 10

Where does an investor get money to begin investing?

Accepted Answer

Savings

Question 11

Why was the Thanksgiving soup so expensive?

Accepted Answer

It had 24 carrots, The dollars were gobbled up

Question 12

Another word for a checking account is a demand deposit account

Accepted Answer

True

Question 13

Stocks are the only risky investment options you can choose.

Accepted Answer

False

Question 14

A business cost that stays the same no matter how many products are produced is called a

Accepted Answer

fixed cost

Question 15

The process of matching your checkbook register with the bank statement is

Accepted Answer

reconciliation

Question 16

In stock investing, the letters IPO stand for

Accepted Answer

initial public offering

Question 17

A bull market means stock prices are rising

Accepted Answer

True

Question 18

Which goes first on a formal cover letter, the employer's address or the applicant's?

Accepted Answer

Applicant

Question 19

Rumors can affect a company's stock price just as much as real news can

Accepted Answer

True

Question 20

Sally wrote a check and hoped to cover it with a deposit before it cleared. This is called

Accepted Answer

floating a check

Questions 20