Financial Literacy Quiz

Dominic, Destiny, and Ana are planning a fun trip. Which of the following financial values should they have to avoid overspending?

• Budget

• Savings

• Investments

• All of the above

Hey Brittany, Sindel, and Ana! What do you think are the coolest perks and the biggest challenges of earning a college degree?

Hey Jonathan, Karolyn, and Julian! Can you explain what Gross Pay and Net Pay are? What's the big difference between the two? And how would you plan your budget based on your pay?

Miranda and Donovan are discussing their paychecks. Which of the following are deductions that are automatically withdrawn from their paychecks?

• Federal and state taxes

• Health insurance premiums

• Charitable donations

• Union dues

Imagine you're chatting with Miranda, Efrain, and Alma about the awesome perks your employer might offer. Can you list as many benefits as you can think of?

Dominic and Sindel are discussing ways to boost their credit scores. Which of the following actions will positively affect your credit score?

• Paying bills on time

• Maxing out credit cards

• Ignoring debt

• Missing loan payments

Destiny and Mario are discussing financial habits. Which of the following will negatively affect your credit score?

• Paying bills late

• Having a high credit card balance

• Opening multiple new credit accounts quickly

• All of the above

Imagine Dominic and Samantha are discussing how the government funds its activities. Dominic asks, 'From where does the government make its money for Discretionary Spending?' Samantha responds, 'And where does the government get the money to pay for certain mandated obligations to the citizens?'

• Taxes and borrowing

• Foreign aid

• Private donations

• State funds

Hey Ana, Shalom, and Jonathan! Ever wondered what a Credit Score is? And what score you should aim for when buying your dream house? Let's dive in!

Hey Efrain and Dominic, when buying a home, what does the Option Period tell you?

• The time frame to secure financing

• The period to negotiate repairs

• The duration to finalize the purchase

• The time to conduct inspections and cancel the contract