Financial Literacy

Question 1

What country has 0 income taxes

Accepted Answer

UAE, Bahamas

Question 2

Most millionaires work fewer than 40 hours a week.

Accepted Answer

False

Question 3

What are high value skills?

Accepted Answer

Sales, Negotation, and Psycology

Question 4

Most millionaires are college graduates.

Accepted Answer

True

Question 5

If you buy a company’s stock…

Accepted Answer

You own part of the company

Question 6

What does SMMA stand for

Accepted Answer

Social Media Marketing Agency

Question 7

What agency performs central banking functions in the United States?

Accepted Answer

Federal Reserve

Question 8

About 30 percent of people who win a lottery or get a big windfall end up broke in a few years.

Accepted Answer

False

Question 9

How do i retire as soon as possible?

Accepted Answer

Invest in stocks and take calculated risks like starting your own buisness., Invest into retirement accounts such as 401(k)s or IRAs.

Question 10

What is a FHA loan

Accepted Answer

Paying 3.5% down on your first house

Question 11

If Sammy’s expenses are greater than his income, what must he do to balance his budget?

Accepted Answer

Earn more money AND spend less

Question 12

College graduates earn about 65 percent more than high school graduates earn.

Accepted Answer

True

Question 13

As a buisness do you pay taxes before expenses or taxes after expenses?

Accepted Answer

After Expenses

Question 14

Should your overdraft your account to gamble

Accepted Answer

99% of gamblers quit right before they win big, A loser is a winner is just a loser who tried one more time

Question 15

What is the highest possible credit score?

Accepted Answer

850

Questions 15