Financial Literacy Quiz

Why is having a high credit score beneficial when buying a car or house?

• It can qualify you for lower interest rates and better loan terms

• It increases your salary

• It helps you avoid paying any interest

• You can skip payments

Quentin set aside $500 each month to invest in his future; this is part of his ________ plan.

Jake’s ________ score dropped after he missed two loan payments.

Hayden pays her ________ expenses like rent and car insurance on time every month.

Kingston used a ________ card to withdraw money from his checking account.

Devin's budget showed he was spending more than he earned, which created a ________.

Lennox decided to grow his money by making an ________ in a mutual fund.

Zion reviewed his ________ to prepare for holiday spending.

Jackson is saving money in case of a sudden job loss; this is his ________ fund.

Kirsten pays a ________ if her loan payment is late.