Economics Financial Literacy Quiz

One's biggest obstacle to financial success is usually:

• Economic Downturns

• Emotional Immaturity

• Lack of Knowledge

• Life events

How much money does the average American borrower owe (not including mortgage)?

• $14,000

• $24,000

• $34,000

• $44,000

How many Americans are currently living paycheck-to-paycheck?

• 25%

• 50%

• 75%

• 80%

The most important factor in determining a solid financial future is:

• A high income job

• Taking a class on finance

• Wealthy upbringing

• Disciplined budgeting

The standard for measuring your financial situation is called your:

• Budget

• Net Worth

• Allocation

• Income

The most important step in the direction of financial success is:

• Getting a raise at work

• Fund an emergency savings fund

• Getting a degree

• Paying less taxes

Which is NOT one of the Five Foundations of financial peace?

• Get out and stay out of debt

• Pay cash for your car/college

• $500 in Emergency Savings

• High Credit Score

What is the pinnacle of financial success?

• Being a millionaire

• Being generous

• Owning a business

• Hiring people

A main driving force behind one's financial decisions is his/her:

• Philosophy

• Personality

• Politics

• Presence

In a relationship, the most important factor for financial success is:

• Agreement

• Compromise

• Communication

• Alikeness