Financial Literacy Day 1

Which type of account typically earns the least interest?

• Checking

• Saving

• Certificate of Deposit

Which of the following is considered a good credit score?

• 950

• 750

• 600

• 400

What does APR stand for?

• Actual Percentage Rate

• Annual Percentage Rate

• Annual Per Ratio

• Annual Percentage Ratio

For a credit card, which of the following is the best APR?

• 25.9%

• 24%

• 13.9%

• 15%

What is useful to have if you try to use more money than you have in your checking account?

• Overdraw Insurance

• Bankruptcy

• Overdraft Protection

• Withdrawal Insurance

To which type of retirement account do contributions NOT come directly from your paycheck?

• Pension

• 401k

• 403b

• Roth IRA

Which form should you expect to get from your employer in January that reports your wages from the previous year?

• 1084

• I-9

• W-2

• W-4

Which form does an employee fill out when starting a new job to tell their employer how much should be withheld in taxes?

• 1099 - INT

• W-2

• W-4

• 1099 - MISC

What is the 50-20-30 rule when it comes to budgeting?

• 50% Needs, 20% Wants, 30% Savings

• 50% Wants, 20% Savings, 30% Needs

• 50% Needs, 20% Savings, 30% Wants

• 50% Savings, 20% Wants, 30% Needs

Which of the following is not included in a typical home owner's insurance policy?

• Dwelling Coverage

• Other Structures Coverage

• Liability Coverage

• Flood Coverage