Financial Literacy & STEM Career Cluster Quiz

What is the recommended percentage that you should save each time you get money?

• At least 20%

• No more than 5%

• None

What do you have to pay when using a credit card to make a purchase?

• The full amount that you spend on the credit card, along with an interest fee.

• Only a portion of the amount you spent on the credit card.

• You don't have to pay for what you spend on a credit card.

What is the minimum amount of money you can make once you earn your Law Enforcement or Public Safety certification from BISD and High School Diploma?

• $69,000

• $25,000

• $40,000

Compound interest on loans and credit cards are so bad because they

• build daily with interest charged on the new loan amount.

• reduce the amount of interest that the consumer makes on their home.

• build slowly allowing a consumer to make money from the lender.

What states had the most amount of STEM jobs?

• Texas and Idaho

• New Mexico and lowa

• Indiana and New York

• California and Texas

If you have to take on debt, which is the best type of debt to have?

• Student loans, because if you finished your degree, you will earn more money.

• Payday loan, because you just need the money.

• Credit Card debt, because you just wanted the item right then.