Financial Literacy Quiz
Authored by Alexander Morton
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2nd Grade
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52 questions
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1.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
Who has the real authority to accept or deny a person’s application for credit?
2.
OPEN ENDED QUESTION
3 mins • 1 pt
Which of the following definitions best describes how your 'capacity' affects your credit worthiness?
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3.
OPEN ENDED QUESTION
3 mins • 1 pt
What does it mean to 'opt-in' when it comes to exceeding your credit limit?
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4.
OPEN ENDED QUESTION
3 mins • 1 pt
What is an installment loan typically used for?
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5.
OPEN ENDED QUESTION
3 mins • 1 pt
Which of the following is a tradeoff of choosing an unsecured loan instead of a secured loan?
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6.
OPEN ENDED QUESTION
3 mins • 1 pt
Which of the following best explains how a tax credit is different from deductions and exemptions?
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7.
OPEN ENDED QUESTION
3 mins • 1 pt
Which of the following best describes the difference between exemptions and deductions on your taxes?
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