PBS Special, Your Life Your Money

PBS Special, Your Life Your Money

11th Grade

19 Qs

quiz-placeholder

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PBS Special, Your Life Your Money

PBS Special, Your Life Your Money

Assessment

Quiz

Financial Education

11th Grade

Hard

Created by

Donna Hodge

FREE Resource

19 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

What is the main purpose of the PBS Special "YOUR LIFE, YOUR MONEY"?

To entertain young adults with celebrity stories

To empower young adults to manage their finances

To promote new financial products

To provide investment opportunities

2.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

Who is the host of the PBS Special "YOUR LIFE, YOUR MONEY"?

Russell Simmons

Donald Faison

Amanda McCormick

Peter Billigas

3.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

What is one of the main reasons young people should start saving for retirement early?

To avoid paying taxes

To take advantage of compound interest

To qualify for more credit cards

To reduce student loan debt

4.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

Explain why using credit cards can lead to spending more than using cash.

Credit cards offer discounts

Credit cards have higher interest rates

Studies show people spend 30-100% more with credit

Credit cards are more convenient

5.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

What is a potential consequence of not paying off credit card debt in full each month?

Increased credit score

Accumulation of interest and fees

Eligibility for more credit cards

Reduction in monthly payments

6.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

What advice is given regarding employer retirement plans?

Avoid them to save money

Join them as soon as you start your job

Only join if you are over 30

Wait until you have a higher salary

7.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

How can young adults avoid falling into the credit card trap?

Use credit cards for all purchases

Pay off the balance in full each month

Only make minimum payments

Apply for multiple credit cards

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