Moneyskill Mania 2020

Jamie has liability and collision insurance, but no comprehensive insurance on her 2011 Honda Accord. One night, it is stolen from the parking space outside her condo and never recovered by the police. Which of these policies pays her for the value of her vehicle so she can get another one?

• Liability

• Collision

• No Fault

• None of the Above

Casey is a 21-year-old who is still in college. She wants a credit card so she can order items online. Her mother offers to let Casey use her card, but Casey would like it in her own name. What is the advantage of having it in her own name?

• She will get a finance charge with a lower APR

• She can get discounts on goods

• If she pays her bills promptly she is establishing a good credit history

• She will be given more time to pay her bills

If the demand for software engineers increases more rapidly than for office clerks, what would you expect to happen to the average pay for the two occupations?

• The relative pay for the two occupations would not change

• The pay for software engineers will go up and the pay for computer experts will not change and may even fall

• The pay for software engineers will go up relative to the pay for office clerks

• The pay of office clerks will go up relative to software engineers

Which social media platform announced (now-stalled) plans to launch its own crypto-currency, named Libra, in 2020? (Current Event)

• Facebook

• Twitter

• TikTok

• Tumblr

Jim just found a job with a take-home pay of $950 per month. He must pay $400 for rent and $100 for groceries each month. He also spends $100 per month on transportation. If he budgets $50 each month for clothing, $100 for restaurants and $50 for everything else, how long will it take him to put together emergency savings of $1,500?

• 10 months

• 15 months

• 12 months`

• 5 months

If someone tells you about an investment that had a return that averaged 25% per year, how risky is this investment likely to be?

• Not very risky at all

• About as risky as the average stock

• About as risky as a savings account

• Much riskier than most stocks

When does the federal government begin to charge interest on amounts borrowed on a Direct Unsubsidized student loan?

• 6 months after graduation

• Immediately, as soon as the first amount is borrowed

• At graduation

• When the last loan is made

On January 31, 2020, which country, representing one of the biggest economies in the block, left the European Union – signaling one of the largest economic shifts in modern Europe? (Current Event)

• Germany

• United Kingdom

• Ireland

• Italy

Which of the following statements best describes the trend in union membership in the U.S.?

• The percent of private workers who are union members is more than 5 times that of workers in the government sector

• The average salary of union workers is lower than non-union workers

• The percent of workers who are union members is increasing

• The portion of workers in the private sector who are union members is decreasing

If your credit card is stolen and the thief runs up a total of $1,000, but you notify the issuer of the card as soon as you discover it's missing, what is the maximum amount you could be held responsible to pay?

• $100

• None

• $500

• $50