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- 1. Multiple Choice
Most online financial institutions and businesses will regularly send you emails to update your account information by going to a link in their emails.
True
False
- 2. Multiple Choice
If you mismanage your checking account by bouncing checks repeatedly or ignoring overdraft notices, which of the following results may happen to you?
You will be charged a penalty fee for a returned/bounced check
You may pay higher rents or interest rates because of your poor credit history
If you aren't aware of your "negative balance" and don't put more funds in you account you bounce more checks and receive more penalty fees.
All of the above
- 3. Multiple Choice
Which answer applies to "fine print"?
Fine print is usually where virtually all the important information is located.
Fine print is always in bold print
Fine print is what companies what you to read
Fine print is the same size as regular print
- 4. Multiple Choice
Which answer applies to "fine print"?
Companies only use fine print to save ink and paper
You should always read the fine print
You don't need to read the fine print
Companies always place the fine print on the top of the page
- 5. Multiple Choice
Which answer applies to "fine print"?
The fine print is always easy to understand
The fine print can say the opposite of the big print
The fine print is always the print you want to ignore
The fine print doesn't mean anything legally.
- 6. Multiple Choice
Which answer applies to "fine print"?
Companies like fine print because it makes it easy for you to understand what you are doing.
Many companies like fine print because you can be confused by it, and make the wrong decision
Companies like fine print because it is cheaper for them to print
Companies like fine print because the fine print saves paper which is better for the environment
- 7. Multiple Choice
You owe $1000 on a credit card and choose to pay the minimum payment each month. Which answer is correct?
Making minimum payments is the smart thing to do. I know this is true, since I asked the credit card company!
Credit card companies love you when you only make minimum payments! Why? You're throwing your money away by paying extra interest each month.
Making minimum payments is a great way to have more cash in your pocket
Everyone pays the minimum payment.
- 8. Multiple Choice
You owe $1000 on a credit card and choose to pay the minimum payment each month. Which answer is correct?
Making minimum payments means it could take thirty or forty years to pay off that $1,000 credit card bill.
Making minimum payments means you're saving money
Making minimum payments gives you the ability to buy more stuff with your credit card
Making minimum payments doesn't cost me any more money over a long period of time.
- 9. Multiple Choice
Having a bad credit history impacts every one of these items but one. Which is the one item not impacted by bad credit history?
Your ability to get a car loan or any other type of loan
The fact that I am a good person.
An employer's decision to offer you a job
The interest rate offered to you
- 10. Multiple Choice
What statement is TRUE about "phishing scams"?
They never happen to young people
Parents never fall for phishing scams.
The mess is easy to fix if you fall for a phishing scam
Phishing scams cannot hurt you if you do not respond to them.
- 11. Multiple Choice
What answer best describes a Nigerian scam?
The scammers want you to fly to Nigeria
The scammers always contact you by telephone.
Nigerian scammers nearly always want you to send money back to them
You host a Nigerian exchange student for a semester
- 12. Multiple Choice
Native advertisers are required to show all sides of an issue in articles they publish.
True
False
- 13. Multiple Choice
You owe $1,000 on a credit card that has an interest rate of 27.99% and make only the minimum
payment of $20 each month. Which answer is correct?
You will have the card paid off within a year.
You will never have the credit card paid off.
You will have it paid off within 5 years.
You will have the credit card paid off within 10 years.
- 14. Multiple Choice
Skipping a credit card payment once or twice a year will not hurt my credit.
True
False
- 15. Multiple Choice
Applying for and having many different credit cards is a great way to start building my credit score?
True
False
- 16. Multiple Choice
If you mismanage your checking account by bouncing checks repeatedly or ignoring overdraft notices, which of the following results may happen to you?
You will be charged a penalty fee for a "returned" (bounced) check.
You may pay higher rents or interest rates because of your poor credit history.
You bounce more checks and receive more penalty fees if you aren't aware of your "negative balance" and don't put more funds in your account.
All of the above
- 17. Multiple Choice
Which answer applies to "fine print"?
Companies only use fine print to save ink and paper
You should always read the fine print
You don't need to read the fine print.
Companies always place the fine print on top of the page.
- 18. Multiple Choice
Having a good credit history impacts every one of these items but one. Which is the one item not impacted by good credit history?
Your ability to get a low interest car loan.
Your ability to get a low interest home loan
An employer's decision to offer you a job.
Your ability to rent a car
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