Financial Planning and Money Management - High School Quiz

Question 1: Suzy has financed her house with a fixed-rate mortgage. She also has a large sum of money in a savings account, shares of the corporation where she works, and a certificate of deposit. Which of these assets protect her against a sudden inflation increase?
Savings account
House
Certificate of deposit
Company shares

Question 2: Marie plans to purchase a house in two years and she already has the money for down payment put aside in her checking account. Which of the following actions would be of most benefit to her?
transfer the money into a brokerage account and purchase stocks
transfer the money into a savings account
invest in gold
invest in corporate bonds

Question 3: Mark has started a job six months ago with a monthly take-home pay of $1,400. If his monthly rent has been $700 per month and he spent an average of $200 for food, $100 for clothing and $200 for utilities and everything else, how much did Mark save in the last six months?
$1,000
$1,200
$1,400
$1,600

Question 4: George has a good job with an accounting firm, that pays $40,000 before taxes. At the end of the year he receives an annual salary increase of $12,000. His next year monthly take-home pay will:
increase by $1000
increase by 30%
stay the same
increase by less than 30%

Press the Submit button to see the results.

 




Financial Literacy External Resources

The Jumpstart Coallition for Personal Finance Literacy
Personal Finance 101 from Student Aid on the Web