Financial Literacy Quiz for Seniors

• $200

• $250

• $300

• $400

Tags

CCSS.3.OA.D.8

Which of the following is NOT a type of insurance typically needed by a business?

• Property insurance

• Health insurance

• Liability insurance

• Pet insurance

• Job A

• Job B

• Both are equal

• Cannot be determined

Tags

CCSS.6.RP.A.3B

Which of the following is the best strategy to pay off a credit card debt of $3,000 with a 20% annual interest rate?

• Make only the minimum payment each month

• Pay as much as possible above the minimum payment each month

• Skip payments occasionally

• Take out another credit card

Tags

CCSS.7.RP.A.3

• $15

• $20

• $25

• $25

Tags

CCSS.HSF.LE.B.5

• $1,500

• $2,500

• $3,500

• $4,500

Tags

CCSS.4.OA.A.3

Which type of insurance would protect a business from lawsuits due to customer injuries on their premises?

• Life insurance

• Liability insurance

• Health insurance

• Auto insurance

Which of the following is a benefit of choosing a job with a pension plan over a job with a higher salary but no retirement plan?

• Guaranteed income after retirement

• Higher immediate income

• More vacation days

• Lower taxes

If you have a $5,000 loan at 6% annual interest, which repayment plan will result in the least total interest paid?

• 5 years

• 4 years

• 3 years

• 2 years

• $60,010

• $70,000

• $70

• $60,000

Tags

CCSS.HSF.LE.B.5