Financial Literacy Workshop Quiz

What is a credit card?

• A credit card is a payment card that enables the holder to borrow funds for purchases.
• A credit card is a prepaid card that requires no repayment after use.
• A credit card is a card used exclusively for cash withdrawals from ATMs.
• A credit card is a type of loan that must be repaid in full each month.

What is a high-yield savings account?

• A high-yield savings account is only available to businesses.
• A high-yield savings account is a type of checking account.
• A high-yield savings account is a savings account that offers a higher interest rate than standard savings accounts.
• A high-yield savings account is like any normal savings account.

What is a credit score?

• A credit score is a measure of a person's income level.
• A credit score is a numerical representation of a person's creditworthiness.
• A credit score is not real.

• A credit score is a rating of a person's physical health.

Which is the best credit score?

• 850
• 620

• 750
• 350

Which deal mentioned will you be using to save money as a student in Boston? (No wrong answer)

• Amtrak (15% discount)

• Apple education discount

• Doordash Dash Pass

• Red Sox tickets