Post Financial Literacy Assessment

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Email *

Why is it important to start saving for retirement at a young age?
*

20 points

Retirement savings are only for older individuals

Social Security will cover all retirement expenses

To take advantage of compound interest and have more time for investments to grow

Which is an example of an asset? *

20 points

A video game

New shoes

A Business

True or False, liabilities are things that take money out of your pocket. *

10 points

True

False

What is a credit score? *

10 points

A report card that show how well you pay back borrowed money?

A score for how much money that you make at your job.

A score for how much allowance you get every week.

What is a stock? *

10 points

A measure of how much money is in your bank account.

Ownership in the portion of a company.

What should you do with your savings?

10 points

Spend it

Let it sit in the bank

Invest it

Clear selection

What is a budget?

20 points

The amount of money you owe your friend.

A plan for how your money should be distributed.

The amount of money you used to purchase new books.

Clear selection

A copy of your responses will be emailed to the address you provided.

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