Financial Literacy Quiz

Who has the real authority to accept or deny a person’s application for credit?

Which of the following definitions best describes how your 'capacity' affects your credit worthiness?

What does it mean to 'opt-in' when it comes to exceeding your credit limit?

What is an installment loan typically used for?

Which of the following is a tradeoff of choosing an unsecured loan instead of a secured loan?

Which of the following best explains how a tax credit is different from deductions and exemptions?

Which of the following best describes the difference between exemptions and deductions on your taxes?

What is one key feature of whole life insurance that makes it different from term life insurance?

Which of the following best explains the difference between a copay and major medical care expenses?

Which of the following is covered under comprehensive (non-accident) auto insurance?