Financial Literacy Quiz

Financial Literacy Quiz

12th Grade

100 Qs

quiz-placeholder

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Financial Literacy Quiz

Financial Literacy Quiz

Assessment

Quiz

Other

12th Grade

Hard

Created by

Samantha Goss

FREE Resource

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100 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Making decisions early in life about education and savings can impact:

Only your current spending habits

Your financial security and career opportunities later in life

Your ability to buy a house immediately

Only your credit score

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can poor spending habits in your youth affect your later years?

They have no long-term impact

They could limit your ability to retire comfortably

They help you gain financial independence quickly

They help you save more money

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The financial decisions you make at 25 might affect:

Only your credit rating

Your ability to purchase a home at age 35

Your ability to travel

Only your monthly utility bills

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When researching investment options, which source would provide the most reliable information?

A personal blog about investment tips

A government website or financial institution

A friend who is a casual investor

A social media advertisement

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where is the best place to find up-to-date tax information?

A tax preparation software

Local tax office staff

The IRS website

A financial advisor

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a key consumer protection law that helps safeguard individuals' credit card transactions?

The Fair Credit Reporting Act

The Fair Debt Collection Practices Act

The Credit Card Accountability, Responsibility, and Disclosure Act

The Consumer Product Safety Act

7.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the Truth in Lending Act require lenders to do?

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