Statistically, _____ have the most millionaires:

People with a masters or doctorate degree

There is no correlation between education and wealth

Which of these are expenses that people without bank accounts pay just to spend their own money:

Using overnight delivery to mail a check

Which TWO of these do you add together to get the "Investment" that you will make if you go to college:

Average lifetime earnings for graduates with your degree

Average lifetime earnings for high school graduates

The salary you will earn the first year aftere earning your college degree

Which TWO of these do you subtract from each other to get the "Return" that you will make if you go to college:

Average lifetime earnings for graduates with your degree

Average lifetime earnings for high school graduates

Which of these statements about two-year colleges is true?

If you start at a two-year college, your degree from the four year university won't even mention the two-year college.

You can start at two-year college and then switch to a four-year universtiy.

Two-year colleges can save you a lot of money

Subsidized loans are available for:

Students studying for their undergraduate degree (bachelor's degree)

Students studying for their graduate degree (masters, doctorate)

Which of these statements about "golden handcuffs" is NOT true:

It describes people that earn low salaries because they are more motivated by doing the right thing than buy making a higher salary

It describes people who hate their jobs, even though the job pays them a high salary

It describes people who are stuck in a high paying job that they don't like

It describes people that think they need to keep earning a high salary because they bought an expensive car

It describes people that think they need to keep earning a high salary because they bought an expensive house

Which of these do the experts say matter more than the number on your paycheck:

Your connections with your co-workers

The connections between your job and your community

Gratitude that people show for your work

If your employer takes money out of your paycheck and puts it into a Roth, you will pay income taxes on that money:

When you retire and take money out of your retirement account

If your employer takes money out of your paycheck and puts it into a 401(k), you will pay income taxes on that money:

When you retire and take money out of your retirement account

Fin Lit Fall Final - Day 2 - Click Only

Quiz

•

Financial Education

•

12th Grade

•

Practice Problem

•

Medium

Dean Kuckelman

Used 46+ times

FREE Resource

Student preview

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Most millionaires are college graduates.

True

False

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Fin Lit Fall Final - Day 2 - Click Only

216 questions

Which of these is the only true measure of wealth?

Cars and houses are ______.

The salary that you earn from your job is called ______.

Savings and Investments are ______.

Student loans and car loans are ______.

True or False. You should save for your retirement.

Most millionaires are college graduates.

More than half of all millionaires inherited their money. True or False

Most millionaires drive expensive new cars. True or False

The most common way to become a millionaire is by winning the lottery. True or False

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