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Competent Financial Literacy Quiz (Hard)

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Prove that you're an expert in financial literacy by successfully completing this fill-in-the-blank quiz!

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Competent Financial Literacy Quiz (Hard)Versión en línea

Prove that you're an expert in financial literacy by successfully completing this fill-in-the-blank quiz!

por WM
1

Kevin ? s dropped after he maxed out his four credit cards and couldn ? t pay them off .

2

To reduce her risk , Sarah decides to practice by investing in a mix of stocks and ETFs in different industry sectors .

3

When Kevin took out a $10 , 000 loan for his business , the he borrowed had to be paid back with interest .

4

Before signing up for a credit card , Kevin compared the to understand how much he ? d owe in annual interest and fees .

5

Kevin contributes to his company ? s plan , which his employer matches , to help save for retirement .

6

Sarah knows there ? s a level of in every investment , but she is willing to take a chance for higher returns .

7

Sarah is considering her car loan to get a lower monthly payment and a better interest rate .

8

Before filing taxes , Kevin checked his to determine how much of his income would be taxed at different rates .

9

Sarah was careful not to exceed her on her credit card to avoid additional fees and penalties .

10

Because of the earned on his savings , Kevin grew his account balance much faster over time .

11

Sarah sold a piece of art for $10 , 000 . The art is considered an because it had monetary value and was used to generate additional income .

12

The $20 , 000 loan that Kevin owes on his car is listed as a on his personal balance sheet .

13

To start her small business , Sarah needed to raise for buying equipment and hiring staff .

14

Kevin created a detailed to help him save for a house , manage his debt , and invest for retirement .

15

Stock prices for a new tech company changed dramatically within days , showing high levels of .

16

After struggling to pay his debts , Kevin declared to restructure his financial obligations .

17

Kevin calculated his by subtracting his car loan and credit card debt from the total value of his assets .

18

Knowing her , Sarah chose low - risk bonds instead of volatile stocks for her investment portfolio .

19

During the last , Kevin lost his job as the economy slowed down , but he relied on his emergency fund to get by .

20

Sarah chose a loan with interest to ensure her payments remained predictable over time .

21

To maintain a good credit score , Kevin kept his credit card below 30% .

22

After covering all her monthly expenses , Sarah had a of money that she decided to put in a high - yield savings account .

23

The rising demand for houses in the city led to , driving up property prices .

24

Kevin contributed to his Roth IRA retirement plan knowing that the - growth would benefit him in the long run .

25

Sarah diversified her to lower her of losing money .

26

After flipping a house in a growing neighborhood , Sarah calculated her to ensure the project was profitable .

27

Kevin adjusted his to include more bonds as he approached retirement .

28

The announced an interest rate hike to combat rising inflation .

29

Sarah monitors the daily to track her investments and make informed decisions .

30

Kevin decided to invest in , purchasing a rental property as a source of passive income .

31

As a young , Sarah launched a tech startup that quickly gained traction among investors .

32

Kevin chose to invest in stocks rather than real estate because they offered greater , allowing him to access cash quickly if needed .

33

The country ? s grew significantly this year due to an increase in consumer spending and technological advancements .