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Financial I.Q. Flashcards | StudBud
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Financial I.Q.
Financial I.Q.
12 terms
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StudBud Administration
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76 plays
Learning financial literacy concepts
Flashcards
12 cards
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Practice quiz
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Host live
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Questions
12
Answers
1
How long will it take $100 to double to $200 at 1 % interest?
8 years
3.4 years
22 years
70 years
2
Which one is
NOT
one of the 3 official credit bureaus?
Equifax
Experian
Credit Karma
Trans Union
3
Which DOESN'T negatively impact your credit score?
Always charging your card to the limit
Having 4 credit cards
Being young w/ no credit cards/loans
Not paying bills on time
4
What's NOT a fixed expense?
Rent
Car payment
Cable bill
Groceries
5
What's FICO stand for?
Fair Income Coordinators
Federal Interest Coordinator
Fair Isaac Company
Financial Income Coefficient
6
What's the highest FICO score?
750
25
850
800
7
What
was
the average interest rate for a savings account in
1986
?
5.75%
18.25%
3.15%
7.25%
8
What's the average late fee assessed for a late credit card payment?
$27
$12
What late fee??!
3% of outstanding balance
9
What's FICA?
Credit Bureau
Federal Payroll Tax
Same as FICO score
Insurance Company
10
What's the average interest rate for a savings account?
3.06%
2.06%
1.06%
0.06%
11
Which major had the highest average starting salary of $55,087?
Business
Communications
Math or Science
Education
12
Which is the official (legit) free annual credit report website?
Credit Karma.com
Life Lock.com
Annual Credit Report.com
Equifax.com
