The Gerber Life Parenting Blog

Quiz: Test Your Personal Financial Literacy

April 14, 2016

Financial literacy quizApril is National Financial Literacy Month. What better time to put your financial knowledge to the test? Or to learn more?

Take our seven-question Personal Finance Literary Quiz below to test your understanding of some of the basics. Think you have what it takes to earn a perfect score? After tallying your points, you’re welcome to share your score with us and on social media.

Which of the following is true about an emergency fund or contingency fund?

Can applying for a new credit card affect your credit score?

Which of the following are ways to improve your FICO (credit) score?

Which of the following accounts is ideal for people who need unrestricted access to their money and are not trying to maximize the interest earned on the account?

Which of the following accounts is ideal for people who want to earn a higher interest rate and are willing to give up access to their money for a period of time?

If you can afford your debt payments but would like to get rid of them, in what order should you try to pay them off?

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Categories: Quizzes
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