Crazy Financial Literacy Questions (Part 1)

Question 1

Amazon was originally called "Cadabra, Inc."

Accepted Answer

True

Question 2

The first credit card was invented in the 1980s.

Accepted Answer

False

Question 3

Warren Buffett still lives in the same house he bought in 1958.

Accepted Answer

True

Question 4

You don’t pay taxes on lottery winnings.

Accepted Answer

False

Question 5

More Monopoly money is printed each year than real U.S. currency.

Accepted Answer

True

Question 6

Michael Jordan makes more money from Nike now than he did playing basketball.

Accepted Answer

True

Question 7

You must be at least 21 years old to have a credit card.

Accepted Answer

False

Question 8

The word “salary” comes from the Latin word for salt.

Accepted Answer

True

Question 9

You can legally pay a debt in pennies.

Accepted Answer

True

Question 10

Credit card interest is always under 10%.

Accepted Answer

False

Question 11

There’s a credit score of 900.

Accepted Answer

False

Question 12

If you invest $100/month from age 18 to 65, you could retire with over $1 million.

Accepted Answer

True

Question 13

If you save $10 every day for a year, you’ll have exactly $3,650.

Accepted Answer

True

Question 14

You can be charged interest even if you pay off your credit card in full every month.

Accepted Answer

False

Question 15

A penny costs more than one cent to make.

Accepted Answer

True

Question 16

The U.S. government once created a $100,000 bill.

Accepted Answer

True

Question 17

College tuition has doubled every year for the last 10 years.

Accepted Answer

False

Question 18

The majority of U.S. money exists only digitally.

Accepted Answer

True

Question 19

There are more $2 bills in circulation than $1 bills.

Accepted Answer

False

Question 20

All U.S. coins are made out of pure metal.

Accepted Answer

False

Questions 20