Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Financial Literacy
Test Description: Learn to manage your money.
Instructions: Answer all questions to get your test result.
1) Who will give you a loan if you have bad credit?
A
Title Max
B
No one
C
The Credit Union
D
The Bank
2) Why does Title Max trust that you will pay back your loan and interest?
A
They think you are cute
B
They have the title to your car
C
You did a lot of paperwork
D
They are religious
3) Who gets loans with the best interest rates from the bank?
A
People who pay their debts on time
B
People who owe a lot of money
C
People who sometimes pay their bills late
D
People who have never owed any money
4) Which is not a way to improve your credit rating?
A
Start a savings account
B
Never have any debts
C
Borrow money and pay it back on time
D
Pay bills on time
5) When you use a credit card....
A
You can spend as much as you want
B
You are borrowing money that must be paid back
C
You are spending money that does not have to be paid back
D
You are spending money that you have in your account
6) If you do not make a payment on your credit card by the deadline....
A
It will be fine after you pay a penalty
B
You can just make it up the next month
C
You will have to pay a penalty, you will have to pay interest, and your credit rating will drop
D
They will take your car
7) What is a budget?
A
Money you need to spend every month
B
Money you take to mall every month
C
A plan to spend money in a responsible way
D
Bills you have to pay every month
8) If you get a home loan (mortgage) and put down less than 20%, you must have.....
A
a good excuse
B
mortgage insurance
C
a lot of money
D
a good excuse
9) Which of these will not help you get a mortgage?
A
A well paying job
B
A good excuse
C
A lot of money in the bank
D
A good credit history
10) Opportunity cost is...
A
How much money something costs
B
What you give up when you make a decision
C
How much it costs to go to Dollywood
D
The cost of everything you did this month
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?