Financial Literacy Quiz

What is a high skill job?

• a job that requires a degree or years of training

• Walking dogs

• a job that requires no experience

• a job that does not require any education

What is a low skill job?

• a job that requires a degree or years of training

• Lawyer

• a job that requires no experience

• A job that requires 10 years of experience

What is a part time job?

• Working when you want to

• working fewer than 30 hours per week

• Working over 30 hours per week

• being unemployed

What is a full time job?

• Working when you want to

• working fewer than 30 hours per week

• Working over 30 hours per week

• being unemployed

Which type of job would a person likely earn the MOST income?

• a part-time, low-skill job

• a full-time, low-skill job

• a part-time, high-skill job

• a full-time, high-skill job

In addition to a set wage, some salespeople earn income that depends on the amount they sell. What is this type of income?

• commission

• credit

• interest

• loan

What is a benefit of saving money in a bank?

• Money in savings accounts cannot be taxed.

• Money in savings accounts earns interest.

• People with savings accounts have access to unlimited credit.

• People with savings accounts have access to unlimited loans.

Which is considered a short term savings goal?

• A new iPhone

• Retirement

• A newborn's college tuition

• Your 15 year old sister's college tuition

Which is considered a medium term savings goal?

• A new iPhone

• Retirement

• A newborn's college tuition

• Your 15 year old sister's college tuition

Which is considered a long term savings goal?

• A new iPhone, you will buy soon

• Retirement

• A newborn's college tuition

• Your 15 year old sister's college tuition