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Financial Literacy
Test Description: Financial Literacy
Instructions: Answer all questions to get your test result.
1) Which country is not part of the Middle East?
A
Iraq
B
Norway
C
Saudi Arabia
D
Egypt
2) What is genocide?
A
When citizens vote for their leaders
B
Permitting citizens to choose how they make a living
C
Allowing all people to have a fair and equal life
D
The mass killing of a group of people
3) A shortage of water can lead to all of the following EXCEPT
A
Poverty
B
More people voting in elections
C
Illness
D
Limited education
4) The money for a debit card is taken from your....
A
Bank account
B
Savings account
C
Credit card account
D
Retirement plan
5) Why does the United States depend on Middle Eastern countries?
A
To obtain resources we don't have much of
B
To help reduce the national debt
C
Middle Eastern countries give the United States military support
D
To improve a cultural relationship
6) A ____________ bill from a credit card company arrives detailing all of your purchases and how much you owe.
A
Bi-monthly (once every two months)
B
Monthly
C
Yearly
D
Daily
7) Which of the following is NOT found on your credit card statement?
A
The amount you owe the credit card company
B
The minimum payment
C
How much you would owe in interest if you took a loan from another credit card company
D
The due date
8) Why was OPEC created?
A
Determine how oil is processed into gasoline
B
Decide how much oil a country can buy in a year
C
Allow only the Middle East countries and their allies to have access to oil
D
Stabilize the price of oil in international markets
9) What factor most contributes to high population density in the Middle East?
A
A theocratic government
B
Cultural diversity
C
Access to fresh water
D
Mineral deposits
10) What is culture?
A
Examining both sides of a decision
B
A series of small parts coming together to make up a larger piece
C
The transfer of goods, ideas, and services
D
A person's food, clothing, music, and religion
11) Which religion is most common in the Middle East?
A
Islam
B
Hinduism
C
Judaism
D
Christianity
12) Which of the following would be more likely to occur in a theocracy than a democracy?
A
Government documents are based on religious texts and beliefs
B
Women would be granted equal rights
C
People can choose whether to attend a mosque, church, or synagogue
D
Citizens can vote on government leaders
13) Following the Holocaust, which country was created as a home for the Jewish people?
A
Syria
B
Israel
C
Egypt
D
Iraq
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