$park financial literacy quiz

Which of the following is a long-term expense?

• Coffee

• Clothes

• Gas for your car

• College tuition

Bob has $3,000 in his savings account, with an APY of 1%. If he doesn't take any money out, how much money will be in his account in 1 year?

• $3,033

• $3,030

• $3,300

• $3,000

What type of bank account is best for storing money for day-to-day use?

• Savings account

• High-yield savings account

• Brokerage account

• Checking account

Which of the following is not true about debt?

• It's best to avoid debt whenever possible

• Student loans are an example of debt

• Credit cards are an example of debt

• All debt is bad

What is a budget?

• The minimum money required to open up a savings account

• A plan that tracks sources of income and spending

• A limit on credit card spending that can't be exceeded

• A plan that only tracks long-term expenses

Bob earns $16 per hour at Walmart. What purchase will most likely put him in debt?

• 5 packs of pokemon cards

• Boba

• 3 large bags of Halloween candy

• Bitcoin mining rig

What is a share?

• The total value of a company

• The money you earn from holding a stock

• A fraction of a company that you can buy/own

• A portion of the CEO's paycheck

Which of the following is likely to be a stable, long-term investment?

• Amazon

• GameStop

• Bitcoin

• Matinas BioPharma Holdings, Inc.

On social media, Bob finds an anonymous source claiming that a company called Karen's Premium Snake Oils will unveil a new product that will revolutionize the industry, and that the stock prices will increase tenfold within a week. What is most likely going on?

• Phishing scam

• Pump and dump scheme

• Pyramid scheme

• This is a totally safe investment and Bob should go for it.

Which of the following investing methods exposes the investor to the highest risk?

• Investing in a well-known mutual fund

• Only investing in the largest companies

• Buying shares from multiple different companies across industries

• Only buying penny stocks