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Personal Finance Quiz

For my school project
Quiz by Merl1n
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Last updated: April 9, 2020
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First submittedApril 8, 2020
Times taken224
Average score62.5%
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1. In general, which of these options provides the highest interest rate?
Savings account ✓
Leaving your money in a shoebox ✓
Certificate of deposit ✓
Checking account ✓
2. True or False: You cannot file taxes online
True ✓
False ✓
3. True of False: All people who take out loans are in debt
True ✓
False ✓
4. Which of these is not a type of retirement account?
Provisional IRA ✓
401(k) ✓
Roth IRA ✓
Roth 401(k) ✓
5. In general, which of these properties do credit cards NOT have?
Credit builder ✓
Takes money directly from an account ✓
Perks ✓
Possibilty of Fees ✓
6. What is the biggest risk in taking out a bond?
Provisional IRA ✓
Derivative Failure ✓
Default ✓
Market Crash ✓
7. Which of these is NOT a stock exchange
NYSE ✓
NWAC ✓
NASDAQ ✓
LSE ✓
8. What, specifically, does a derivative help you do?
Raise your credit score ✓
Make financial decisions ✓
Apply for a loan ✓
Diversify an investment portfolio ✓
HinesBrothers
+1
Level 75
Apr 9, 2020
Not all people who take out loans are in debt
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