Home > CompTIA A+ Exam > Quizzes > Personal Finance Literacy Exam 2
Personal Finance Literacy Exam 2
Fast practice, instant feedback. Timer auto-submits when time’s up.
Avg score: 35% • Most missed: “Martin keeps money in a special savings account to cover his living expenses for…”
Personal Finance Literacy Exam 2
Time left 00:00
25 Questions

1. Federal health insurance regulations can protect against the risk that employers will
2. An investment scam that involves hyping up small, unheard-of stocks is a(n)
3. Determine personal net worth if you own and owe the following:
Own:
Car $ 8,000
Engagement ring $ 3,500
Investments $45,000
Savings account $12,500
Grandmother's antique china $ 2,500

Owe:
Student loan $35,000
Monthly apartment rental $ 600
Credit card balance $ 2,750
Utilities $ 250
4. One reason that the balance on your bank statement would be higher than your checkbook register would be that
5. Employees who look for meaningful clues about what customers want and why they want it work in
6. When evaluating the reliability of a journal article that addresses a complex issue or topic, it is important to consider the author's
7. One type of economic risk that a business usually experiences is
8. By developing a personal budget, individuals will be able to review their
9. Today, you invest $5,000 in an account that earns 6% compound interest and $15,000 in an account that earns 9% interest. How much money will you have in five years?
10. Tom and Samantha worked with their attorney to create a will just after they got married. Now, two years later, they have a new baby daughter. Which of the following will need to be added to their will:
11. Melissa is thinking about setting up her growing business as a corporation. Which of the following online sources is most likely to have relevant information about how to establish a corporation:
12. Which of the following are types of lending investments:
13. Which of the following things should you do when preparing your resume:
14. A business that decides to lease its current building instead of buying it is transferring risk through
15. Roger was fooled by an investment scammer who claimed to be a part of his religious group. What type of investment scam is this?
16. For which of the following items would you save (rather than invest):
17. Glenn has committed to investing $100 each month to buying shares of his favorite stock, Microsoft. Last month, when the stock price was $22, he bought 4.54 shares. This month the stock price is $25, so he bought just 4 shares. This strategy is called
18. Which of the following actions is least likely to help you achieve a goal:
19. If you are covered under your parents' health insurance, you
20. Employees who work in certain professions are required to pass an examination and obtain a
21. Which of the following exemplifies the time value of money:
22. Blue Diamond Co. attracts the best salespeople because it offers a generous commission structure, a well-rounded benefits package, flexible work hours, and opportunities for professional development. Blue Diamond Co. has
23. Why is it a good idea to take a small dictionary with you when completing a job application form?
24. Banks must clearly communicate loan terms to the loan applicants, and loan applicants must be honest and provide accurate information about their finances to the bank during the application process. What concept does this situation describe?
25. When a producer changes from an expensive resource to one that is less expensive, this is an example of

⚡ Recently practiced quizzes in this topic
Live quiz activity
Comptia A+ Port Numbers CompTIA A+ Windows Command Line A+ Guide To IT Technical Support Glossary CompTIA A+ Certification 802 Exam Practice CompTIA A+ 220-801 Exam A+ Guide To IT Technical Support - Network Hardware CompTIA A+ 220-901 Exam Practice Questions CompTIA A+ 220-901 Practice Questions Comptia A+ 220-902 Exam Terms A+ Guide To IT Technical Support - Hard Drives and Other Storage Devices
 
❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

🌈  Our mission is to help improve your scores in any subject and exam withonline quizzes, practice tests, study guides, & advice for students. Since 2018.
About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | What Should We Know?
Privacy | Terms |
Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com

All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.