Financial Literacy

Understanding Financial Literacy

Learn the basics of financial literacy. Take the quiz below to test your knowledge.

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Name *

First

Last

Email *

True/False: Gross Pay is the amount you make before taxes and other deductions *

True False

What are the 5 core competencies of financial literacy? *

Earn Adjust Save Spend Borrow Work Protect

Credit cards have a ___ type of credit agreement. You can pay the full amount, or a minimum payment *

Revolving Turn-Style Set Full-Term

What are the 3 main types of bank accounts? *

Investment, Expenditure, and Holdings Checking, Savings, and Combination Checking, Savings, and Money Market Debit, Credit, and Installment

What are 3 steps toward better money management? *

Plan ahead Keep a vacation fund Keep records Get a second job Set goals Save money

Credit Unions are owned and controlled by___ *

Bigger banks People with a lot of money People who use their services Investment groups

About how much should you spend on rent monthly? *

It is important to establish an Emergency Fund with how many months saved? *

1 month 2 months 3 months

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