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WorksheetsFinacial Literacy Quiz
Total questions: 10
Worksheet time: 5mins
How much will the typical married couple retiring at age 65 spend on out-of-pocket costs for health care throughout retirement (in today’s dollars)?
$50,000
$100,000
$157,000
$266,000
2. If you purchase a bond and interest rates rise, what will happen to the price of the bond?
Rise
Stay the same
Fall
A typical 65-year-old man can expect to live, on average, for how many more years?
About 10 more years
About 20 more years
About 25 more years
About 30 more years
What is the average annual rate of inflation for college tuition around the country?
2 percent
5 percent
8 percent
11 percent
Why should you donate your money?
Because there is always someone less fortunate than you.
Because you don't need all your money.
To get the tax break.
So your parents will be proud of you.
A ___________ is a plan for how you will spend your money.
paycheck
cash journal
credit card
budget
Which of the following is a true statement about credit cards?
You should never get a credit card.
If you get a credit card, you can go into debt.
You should get a credit card and use it to build good credit.
The credit card companies do not charge you for borrowing from the card.
If you make $40,000 per year, Uncle Sam is going to take how much from you for taxes?
$1,000 (2.5%)
$20,000 (50%)
$10,000 (25%)
$200 (5%)
You won't be able to move out if you have...
student loans
no roommate
bad credit
No credit
When you rent an apartment or house you have to sign a lease. Which of the following is NOT true with a lease?
It is a legal document.
You are agreeing to pay rent every month on time for the length of the lease.
If you have a roommate move in later, they don't need to sign the lease.
You are agreeing to take care of the place you are renting.
