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9 Important Financial Literacy Questions We All Should Know
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The Financial Literacy and Education Commission suggests that there are five key components of financial literacy: earn, spend, save and invest, borrow, and protect.

9 Important Financial Literacy Questions We All Should Know
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9 Questions

1. What is the average number of years it takes college graduates to pay off their student loans?
2. Kelly and Pete just had a baby. They received money as baby gifts and want to put it away for the baby's education. Which of the following tends to have the highest growth over periods of time as long as 18 years?
3. What is a credit report?
4. What affects the amount of interest that you would pay on a loan?
5. Kelly and Pete just had a baby. They received money as baby gifts and want to put it away for the baby's education. Which of the following tends to have the highest growth over periods of time as long as 18 years?
6. Retirement income paid by a company is called?
7. If your credit card is stolen and the thief runs up a total debt of $1,000, but you notify the issuer of the card as soon as you discover it is missing, what is the maximum amount that you can be forced to pay according to federal law?
8. Carol has saved $12,000 for her post-secondary education expenses by working part-time. Her plan is to start school next year and she needs all of the money she saved. Which of the following is the safest place for her savings for school?
9. Maria worked her way through college earning $20,000 per year. After graduation, her first job pays $40,000. The total dollar amount Maria will have to pay in federal income taxes in her new job will:

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