Financial Literacy-7 Things I Wish I Had Learned in HS

According the the Youtube video, _______ Americans couldn't scrounge up $1,000.

• 1/2

• 1/4

• 2/3

• 3/4

According to the video, how many Americans have debt of some kind?

• 1/2

• 1/4

• 2/3

• 4/5

If you learn how credit cards and interest rates work, would you make purchases through a rent-to-own system?

• Yes

• No

If you stay away from credit cards entirely, you will have a high credit score.

• Yes

• No

Having a credit card can help your credit score.

• Yes

• No

The cash envelope system is a strategy used in running a business.

• Yes

• No

According to Jeff Rose, budgeting basics are necessary to build wealth.

• Yes

• No

There is no need to balance a checkbook if you don't write checks off that account.

• True

• False

The power of compounding interest is part of learning about investments.

• Yes

• No

Which would you rather have? (Which makes more money?)

• a penny that doubles every day for a month

• $2 million dollars