Financial Literacy Quiz

Which type of insurance policy is specifically designed to cover the cost of medical care?

• Auto insurance

• Life insurance

• Health insurance

• Homeowner's insurance

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DOK Level 2: Skill/Concept

What type of bank account is typically known for offering interest earnings on the money you deposit?

• Checking account

• Savings account

• Certificate of Deposit (CD)

• Money market account

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DOK Level 2: Skill/Concept

Which investment type is considered the least risky?

• Stocks

• Bonds

• Real estate

• Commodities

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DOK Level 2: Skill/Concept

What does OSHA stand for?

• Official Safety Hazard Association

• Occupational Safety and Health Administration

• Organizational Safety and Health Act

• Operational Safety Hazard Agency

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DOK Level 2: Skill/Concept

Which employability skill is essential for effective teamwork?

• Numeracy

• Punctuality

• Communication

• Technical skills

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DOK Level 2: Skill/Concept

What is a primary role of a financial advisor?

• Managing corporate taxes

• Designing marketing strategies

• Advising clients on financial options

• Conducting safety inspections

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DOK Level 2: Skill/Concept

Which type of insurance is necessary to have when owning a car?

• Health insurance

• Life insurance

• Auto insurance

• Property insurance

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DOK Level 2: Skill/Concept

What distinguishes a money market account from a regular savings account?

• Higher interest rates but with minimum balance requirements

• No interest earnings

• Fixed deposit period

• Unlimited withdrawals

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DOK Level 2: Skill/Concept

What is a mutual fund?

• A private equity fund

• An account that pools money from many investors to purchase stocks, bonds, or other assets

• A government bond

• A type of stock

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DOK Level 2: Skill/Concept

Which OSHA regulation is most directly concerned with preventing falls in the workplace?

• Hazard communication standards

• Emergency action plans

• Fall protection

• Bloodborne pathogens

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DOK Level 2: Skill/Concept