Home > Financial Literacy > Quizzes > Test Your Financial Literacy: Financial Literacy Quiz 2
Test Your Financial Literacy: Financial Literacy Quiz 2
Fast practice, instant feedback. Timer auto-submits when time’s up.
Avg score: 81% • Most missed: “The recommended gasoline for most cars is regular octane.”

Without a good understanding of personal finances, we make poor spending decisions, don't save for emergencies, max out several credit cards, pay higher interest rates, have our identities stolen, make poor investment choices, and underestimate our financial needs in retirement.    

Test Your Financial Literacy: Financial Literacy Quiz 2
Time left 00:00
16 Questions

1. Federal law gives you three days to cancel the purchase of a new or used car from a dealer.
2. Who insures your stocks in the stock market?
3. Who insures your stocks in the stock market?
4. All telephone numbers that begin with an 8" are toll-free."
5. What do points" refer to in the home mortgage application process:"
6. The type of car you own affects the price you pay for auto insurance.
7. The type of car you own affects the price you pay for auto insurance.
8. The 'Rule of 72' tells you how long it will take to double your money.
9. Each state has a law that lets pharmacists substitute less expensive generic drugs for many brand name products.
10. If your credit card was lost or stolen and used to charge items you didn't authorize, you are responsible for what amount?
11. In financial transactions, a CD is a:
12. How many days does a creditor have to acknowledge your written complaint about a billing error?
13. A reverse mortgage is:
14. By using unit pricing at the grocery store, you can easily compare the cost of any brand and any package size.
15. If your credit card was lost or stolen and used to charge items you didn't authorize, you are responsible for what amount?
16. The recommended gasoline for most cars is regular octane.

⚡ Recently practiced quizzes in this topic
Live quiz activity
Personal Finance: Student and Consumer Loans Personal Finance: The Financial Planning Process Personal Finance: Cash or Liquid Asset Management Personal Finance Literacy Exam 4 Personal Finance: Life and Health Insurance FBLA Personal Finance Review Personal Finance Literacy Exam 6 Financial Literacy Quiz Financial Literacy Vocab Certified Personal Finance Counselor
 
❤ 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 | OSHA Basics Quiz | 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.