Post-Assessment

Front

What are the names of the three big credit bureaus in the U.S.?

Back

Experian, Transunion, Equifax

Front

What is interest?

Back

money that can be earned on an account, such as savings

Front

Which of these statements about saving is true? You can categorize expenses under saving if you got a discount on them. Saving money consistently each month can help you prepare for the future. You only need to save for your long-term goals.

Back

Saving money consistently each month can help you prepare for the future.

Front

If you have too many credit cards, what should you do?

Back

be cautious about closing credit cards

Front

Which of the following factors does NOT affect your credit score? Credit card balance, Payment history, Late payments, Eating at McDonalds and Burger King every week

Back

Eating at McDonalds and Burger King every week

Front

With insurance policies, if you never file an insurance claim, you get your money back.

Back

False

Front

When paying taxes in the U.S., the more money you make,

Back

The more taxes you pay

Front

A health insurance program for the elderly and disabled that is funded by some of your taxes and run by the federal government is known as?

Back

Medicare

Front

People who do not understand the difference between ______________ usually struggle with financial problems.

Back

Needs and wants

Front

What is financial literacy?

Back

knowing and understanding how finances work