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Personal Finance Quiz
For my school project
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Last updated: April 9, 2020
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| First submitted | April 8, 2020 |
| Times taken | 327 |
| Average score | 62.5% | Report this quiz | Report |
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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
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1 Comments
HinesBrothers
+1
Level 78
Apr 9, 2020
Not all people who take out loans are in debt
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