Personal Finance Final Exam
Authored by Stefanie Gramling
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50 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Which of the following is NOT a common feature of a financial institution?
Access to ATMs
Access to investment products
Paper checks
Direct deposit
2.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Which of the following statements is true about education and lifetime earnings?
Generally, the more education you receive, the higher your lifetime earnings will be
Generally, the less education you receive, the higher your lifetime earnings will be
There is no relationship between education and lifetime earnings.
Generally, the more education you receive, the lower your lifetime earnings will be
3.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What does FAFSA aid pay for?
tuition, room and board and books
apartment at college
furniture for your dorm
a car
4.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What do Federal taxes not pay for?
military
veterans affairs
interest on national debt
employer provided insurance
5.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
State taxes pay for all of the following except...?
national defense
public education
road repairs
health coverage for low income families
6.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What does FICA pay for?
national defense
social security and Medicare
Veterans affairs
public education
7.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Which of the following is a small share in ownership of a company?
Bond
IRA
Stock
Mutual Fund
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