Does Financial Literacy Make A Difference?

Does Financial Literacy Make A Difference?

Professional Development

12 Qs

quiz-placeholder

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Does Financial Literacy Make A Difference?

Does Financial Literacy Make A Difference?

Assessment

Quiz

Professional Development

Professional Development

Hard

Created by

Dawn Pincumbe

Used 3+ times

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

As of July 2020, unemployment claims due to coronavirus-related job losses exceeded _______. (start of pandemic - July)

1 Million

4 Million

40 Million

400 Million

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a 2017 Fed Reserve survey, ______ % of adults reported they would be unable to cover an unexpected $400 expense without selling something or borrowing.

4

14

40

80

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a recent EVERFI survey, _____% of college students reported they felt less prepared to manage their money than to face ANY other challenge associated with college.

23

53

73

93

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A 2018 study of financial health outcomes for a diverse set of 18-22 year olds, showed those that were required to take a form of financial literacy in hs, had ________________.

better communication skills.

better marriages.

better hair.

better credit scores.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An Institute for Research on Poverty Study determined that young adults who received state-mandated fin lit ed in high school were less likely to choose

higher insurance deductibles.

high-interest payday loans.

low yield investments.

low risk stock options.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The interest rate on the average payday loan is _____%. And that's if you pay it back in two weeks!

3

23

31

391

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Millennials are starting their careers with a combined $_________ of student debt…..and counting. (LendEdu)

$500,000.

$1.5 million

$1.5 billion

$1.5 trillion

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