Financial Literacy Quiz

What is an interest-bearing deposit account held at a bank or other financial institution called?

• Pocket Cash

• Net Worth

• Savings Account

• Stocks

What term describes the sum of all assets owned by a person or a company, less any debt or liabilities?

• Interest Rate

• Net Worth

• Certificate of Deposit (CD)

• Pocket Cash

What is the proportion of a loan that is charged as interest to the borrower?

• Savings Account

• Net Worth

• Interest Rate

• Stocks

What represents ownership of a public company in the form of common stock?

• Certificate of Deposit (CD)

• Pocket Cash

• Stocks

• Interest Rate

What is a bank product that earns interest on a lump-sum deposit that's untouched for a predetermined period of time?

• Savings Account

• Certificate of Deposit (CD)

• Net Worth

• Pocket Cash

What is cash for day-to-day spending on incidental expenses called?

• Pocket Cash

• Net Worth

• Interest Rate

• Savings Account

What is an interest-bearing deposit account held at a bank or other financial institution?

• Certificate of Deposit (CD)

• Government Bonds

• Index Fund

• Commodities

What are loans people give to the government, which promise to pay back the money later with extra interest?

• Government Bonds

• Gold Fund

• Index Fund

• Commodities

What is a type of investment fund that holds assets related to gold?

• Gold Fund

• Index Fund

• Certificate of Deposit (CD)

• Commodities

What is a type of mutual fund or exchange-traded fund (ETF) with a portfolio constructed to match or track the components of a financial market index?

• Index Fund

• Government Bonds

• Gold Fund

• Commodities