Financial Literacy Quiz

Question 1

Why would you comparison shop for a TV?

Accepted Answer

To find the best deal

Question 2

What method would you use to pay someone back?

Accepted Answer

Venmo

Question 3

What questions would you ask for opening up a checking account?

Accepted Answer

What are the fees?

Question 4

Budgeting is only for those struggling with finances.

Accepted Answer

False

Question 5

What type of spender rarely spends or avoids spending money?

Accepted Answer

Avoider, Miser

Question 6

Why is knowing your values important?

Accepted Answer

To make informed choices

Question 7

Budgeting improves financial goals.

Accepted Answer

True

Question 8

What are non-cash payment methods?

Accepted Answer

Credit cards

Question 9

What would be a factor to consider in comparison shopping besides price?

Accepted Answer

Brand reputation

Question 10

What two items do you need to set up a new checking account?

Accepted Answer

Proof of address, photo ID

Question 11

A receipt always shows tax paid

Accepted Answer

false, true

Question 12

What does a checking account statement do?

Accepted Answer

lists all your purchases and deposits

Question 13

The first thing to do when comparison shopping for a new car is to decide what FEATURES matter to you the most.

Accepted Answer

True

Question 14

What stores money for shopping at a specific store?

Accepted Answer

Store gift card

Question 15

What is a tradeoff in spending?

Accepted Answer

Sacrificing buying one thing for buying another thing

Question 16

There is one right budgeting method.

Accepted Answer

False

Question 17

What items would you keep receipts for?

Accepted Answer

Electronics

Question 18

What is a good reason to keep receipts?

Accepted Answer

For returns and exchanges

Question 19

Which factor most influences financial decisions?

Accepted Answer

Personal values

Question 20

Budget tracks expenses only.

Accepted Answer

False

Questions 20