Personal and Family Finance Quiz

Which of the following is a source of financial information?

• Television sitcoms

• Professional trade journals

• Fiction novels

• Social media influencers

What does the Federal Trade Commission focus on?

• Consumer protection

• International trade agreements

• Historical preservation

• Wildlife conservation

Which of the following is a method to protect personal information?

• Using simple passwords

• Sharing passwords with trusted friends

• Using the same password for all accounts

• Safe and secure online shopping

What is the primary difference between a job and a career?

• A career is always in the public sector

• A job requires higher education

• A job offers more flexibility

• A career offers long-term progression

What is a key component of a spending and saving plan?

• Budgeting

• Impulse buying

• Ignoring debts

• Frequent luxury vacations

Which type of insurance offers protection for your car in case of an accident?

• Property insurance

• Life insurance

• Health insurance

• Collision insurance

What is a benefit of using credit cards?

• Building credit history

• Unlimited spending

• Avoiding taxes

• Immediate cash requirement

Which of the following is a type of savings option?

• Purchasing luxury goods

• Cryptocurrency speculation

• Lottery tickets

• Certificates of deposit

What does the term 'liquidity' refer to in financial planning?

• The ability to quickly turn investments into cash

• The amount of liquid assets a person owns

• The level of hydration necessary for optimal decision making

• The fluidity of the stock market

What is the purpose of the Equal Credit Opportunity Act?

• To regulate international trade

• To prevent credit discrimination

• To ensure fair taxation

• To limit the amount of credit a person can have