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Important Financial Literacy Quiz Questions
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Can you correctly answer these important financial literacy questions on credit history, net worth, interest rates and student loans?

Important Financial Literacy Quiz Questions
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6 Questions

1. Imagine that the interest rate on your savings account was 1% per year and inflation was 2% per year. After one year, would your ability to buy something with the money in this account be:
2. If a late payment is sent to a collections agency, how long will it remain on your credit history even if you have paid it off?
3. If you have too many credit cards, what should you do?
4. As a general rule, how many months' expenses do financial planners recommend that you set aside in an emergency fund?
5. What is the formula for calculating your net worth?
6. Which of the following about Federal student loans is NOT true?

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