Personal Finance Quiz QuizFactory
1. When do you open bills that you receive by mail or email?
Choices:
When they are due
The day they arrive
When I remember I have them
When I think I have the money to pay them
Right Answer:
The day they arrive
2. Do you have a flexible spending account through your work or another source?
Choices:
Yes
No
I do not know what that is
They are not necessary
Right Answer:
Yes
3. What do you do when you get a raise?
Choices:
Improve my current standard of living
Pay overdue bills
Spend more on food and entertainment
Put the added amount into retirement or savings
Right Answer:
Put the added amount into retirement or savings
4. What do you do when you purchase something online?
Choices:
Look for the best deal
Pay whatever the asking price is
Use coupons and promotional codes
Use an auction site
Right Answer:
Use coupons and promotional codes
5. What is the maximum amount you would owe a credit card company if someone used your card without your permission?
Choices:
Hacker holding a credit card
The amount they charged
The interest on the amount they charged
Fraud prevention processing fees
Fifty dollars
Right Answer:
Fifty dollars
6. How do you pay your credit card bills?
Choices:
More than the minimum payment
The minimum payment
I am usually past due
I do not have a credit card
Right Answer:
More than the minimum payment
7. If you were unable to pay your bills this month what would be the best strategy
Choices:
Payday loan
Charge it on credit card
Call the companies I owe and explain
Ignore the bills until next month
Right Answer:
Call the companies I owe and explain
8. What have you done about car insurance?
Choices:
I have it
I carry minimum liability
I do not have car insurance and just try to avoid wrecking or being pulled over
I have and good driving record and have talked to my insurer about lower payments
Right Answer:
I have and good driving record and have talked to my insurer about lower payments
9. Do you gamble or play the lottery?
Choices:
Only scratchoffs
Scratchoffs and lotto tickets
No
I gamble in other ways like bingo or horses
Right Answer:
No
10. Do you have a savings goal?
Choices:
Yes and I contribute to it regularly
Yes but I do no contribute often
Someday I will be able to save
No
Right Answer:
Yes and I contribute to it regularly
