
Personal Finance Quiz
Authored by Jada Owens
Business
University
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29 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What is the minimum percentage of your pre-tax income you should invest to keep more income?
10%
15%
20%
25%
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What is the range of a good FICO credit score?
200 - 600
300 - 850
400 - 700
500 - 900
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Which category is evaluated at 35% in a FICO score?
Length of credit history
New credit
Payment history
Types of credit
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What is the maximum annual contribution for a Roth IRA?
$4,000
$5,000
$6,000
$7,000
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
At what age can you withdraw tax-free from a Roth IRA?
55
59½
62
65
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What is the main benefit of index funds?
High management fees
Diverse and low management fees
Guaranteed high returns
Limited investment options
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What should you do to protect your credit?
Open multiple credit cards
Pay off credit cards on time and in full
Ignore credit card statements
Use only cash
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