Financial Literacy Review

Question 1

At what age can you obtain your first credit card?

Accepted Answer

Eighteen

Question 2

Which of the following Financial Institutions are not-for-profit?

Accepted Answer

Credit Unions

Question 3

Which of the following is NOT one of the three Financial Skills we discussed in class?

Accepted Answer

Financial Fortitude

Question 4

Which of the following goals did we not discuss but is still equally as important?

Accepted Answer

The Golden Goal

Question 5

Which of the following means "to take out money" ?

Accepted Answer

Withdrawal

Question 6

Which of the following is a common way to receive money from a friend and is not available in the United States?

Accepted Answer

Interac E-Transfer

Question 7

Which of the following Financial Planning tools have we discussed?

Accepted Answer

Budgets

Question 8

What is the term that describes how good you are at paying off your credit cards?

Accepted Answer

Credit Score

Question 9

Which account do you store your 'every day' spending money in?

Accepted Answer

Chequeing

Question 10

A credit card is a very nifty tool with no risks involved:

Accepted Answer

False

Questions 10