Dollar Sign University Financial Knowledge Quiz
On a scale of 1-10 what is your level of financial knowledge?
We aim to give you a benchmark score of what your level of financial knowledge is on a scale of 1-10. Keep in mind, although you may have received a certain score, that doesn't mean that you are necessarily in that score category. This quiz is designed to give you a general understanding of your level of financial knowledge and does not serve as the final decision!
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Why don't receive all of the money you earn from working when you get your paycheck?
Taxes are taken out
The employer is required to keep a portion of your check in case of an emergency
Many employers steal money from you
You do receive all of the money you earn from working when you get your paycheck
What happens when you put your money in the bank?
You cannot withdraw it for a minimum of 30 days
You are required to withdraw some of it
The buying power of your money is worth less over time
The buying power of your money is worth more over time
The buying power of your money is worth the same over time
What is a 1031 Exchange?
When you move money from one bank account to another
When you sell a car to purchase a new car to avoid paying tax
When you trade a property of lesser value for one of greater value to defer capital gains tax
When you decide to pay your taxes in goods or services rather than with money
Net worth equals
assets minus liabilities
assets plus liabilities
none of the above
With a credit card, money is withdrawn straight from your bank account.
What is inflation
an increase in the overall price level of goods and services
a decrease in the overall price level of goods and services
the action of making the dollar bill larger so it's easier to use
the action of making the letters on the dollar bill larger so they're easier to see
What does a bull market refer to?
A rising market
A falling market
A market with no change
Which of these is the most liquid?
Cash under a mattress
An investment property
What are the names of the three major credit bureaus?
How much can you contribute to a Roth IRA?
$14,000 a year
$10,000 a year
$10,000 a month
A Roth IRA does not exist
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