Credit and Financial Literacy Quiz

Credit is

• Everything

• Super Important

• Key

A Philanthropist is

• Someone who does credit checks

• A person who saves more than 10%

• Someone who makes Charitable Donations

• Someone who makes donations to The government

Parent PLUS Loan

• A loan you take out yourself

• Your Parents paying for your school

• A loan your parents take out for your school that you pay back

• PPP Loan

The Best Predictor of ______ Behavior is ______ Behavior

• Past

• Future

• Current

• Random

A Preferred Car Loan is

• 40-73 Months

• 42-78 Months

• 48-60 Months

• 72-93 Months

A Pyramid Scheme is

• A great company to work for

• An Egyptian company

• A marketing scam

• A Multi-level company that sets you up for success

A Roth IRA is:

• A. A Post-tax investment account

• B. A Pre-Tax investment account

• C. A form of whole life insurance

• D. A Non-taxed investment account

A Traditional IRA is:

• A. A Post-tax investment account

• B. A Pre-Tax investment account

• C. A form of whole life insurance

• D. A Non-taxed investment account

A Traditional 401k:

• A. A Post-tax retirement account

• B. A Pre-Tax retirement account

• C. A form of whole life insurance

• D. A Non-taxed retirement account

A Roth 401k:

• A. A Post-tax retirement account

• B. A Pre-Tax retirement account

• C. A form of whole life insurance

• D. A Non-taxed retirement account