Financial Literacy Quiz

Have you ever had your own bank account?

• Yes

• No

• Prefer not to answer

Have you ever filed taxes before?

• Yes

• No

• Prefer not to answer

Do you plan on getting your own apartment after you graduate?

• Yes

• No

• Not sure yet

Have you ever came up with a budget for yourself?

• Yes

• No

• Prefer not to answer

Have you ever invested money?

• Yes

• No

• Prefer not to answer

Do you plan on attending college?

• Yes

• No

• Not sure yet

What are some things you've had to budget for before?

What is the 50/30/20 rule of budgeting?

• Spend 50% on needs, 30% on wants, and invest 20%

• Save 50% of your income, spend 30%, and give 20% to charity

• Spend 50% on needs, 30% on wants, and save 20%

• Save 50% of your income, invest 30%, and use 20% for debts

What is the primary purpose of an emergency savings fund?

• To save for a vacation

• To fund retirement

• To cover unexpected expenses or financial emergencies

• To save for a down payment on a house

What is a good credit score range according to the FICO score model?

• 300-579

• 580-669

• 670-739

• 740-850