Volunteer and Leadership

Home
Career Development Portfolio
eLearns and Credentials

eLearns and Credentials

Video Introduction

Lesson

Quiz

Credential

Form Wizard failed to display. Stand-alone wizard <a href="http://demo2.interacvault.com/GuideutoForm/RequestForm?formName=SecurityClearanceWizard&reqtype=Template">here,</a>.

If you can't see the lesson above, please click here to go to the course: Financial Literacy Course

Welcome to the Sample Financial Literacy Quiz. For access to the Financial Literacy Course, please contact your school administrator to see if they are part of the Volunteer and Leadership Program.

Please make sure you review the lesson and video before taking this quiz. Good luck!

Suppose you have $100 in a savings account earning 2 percent interest a year. After five years, how much would you have?

More than $102

Exactly $102

Less than $102

I Don't Know

None

Imagine that the interest rate on your savings account is 1 percent a year and inflation is 2 percent a year. After one year, would the money in the account buy more than it does today, exactly the same or less than today?

More

Same

Less

I Don't Know

None

If interest rates rise, what will typically happen to bond prices? Rise, fall, stay the same, or is there no relationship?

Rise

Fall

Stay the Same

No Relationship

Don't Know

None

True or false: A 15-year mortgage typically requires higher monthly payments than a 30-year mortgage but the total interest over the life of the loan will be less.

True

False

I Don't Know

None

True or false: Buying a single company's stock usually provides a safer return than a stock mutual fund.

True

False

I Don't Know

None

BONUS QUESTION: Suppose you owe $1,000 on a loan and the interest rate you are charged is 20% per year compounded annually. If you didn’t pay anything off, at this interest rate, how many years would it take for the amount you owe to double?

Less than 2 years

2 to 4 years

5 to 9 years

10 or more years

I Don't Know

None

Time's up

Video Introduction

Form Wizard failed to display. Stand-alone wizard <a href="http://demo2.interacvault.com/GuideutoForm/RequestForm?formName=SecurityClearanceWizard&reqtype=Template">here,</a>.

If you can't see the lesson above, please click here to go to the course: Financial Literacy Course

Welcome to the Sample Financial Literacy Quiz. For access to the Financial Literacy Course, please contact your school administrator to see if they are part of the Volunteer and Leadership Program.

Please make sure you review the lesson and video before taking this quiz. Good luck!

Suppose you have $100 in a savings account earning 2 percent interest a year. After five years, how much would you have?

More than $102

Exactly $102

Less than $102

I Don't Know

None

Imagine that the interest rate on your savings account is 1 percent a year and inflation is 2 percent a year. After one year, would the money in the account buy more than it does today, exactly the same or less than today?

More

Same

Less

I Don't Know

None

If interest rates rise, what will typically happen to bond prices? Rise, fall, stay the same, or is there no relationship?

Rise

Fall

Stay the Same

No Relationship

Don't Know

None

True or false: A 15-year mortgage typically requires higher monthly payments than a 30-year mortgage but the total interest over the life of the loan will be less.

True

False

I Don't Know

None

True or false: Buying a single company's stock usually provides a safer return than a stock mutual fund.

True

False

I Don't Know

None

BONUS QUESTION: Suppose you owe $1,000 on a loan and the interest rate you are charged is 20% per year compounded annually. If you didn’t pay anything off, at this interest rate, how many years would it take for the amount you owe to double?

Less than 2 years

2 to 4 years

5 to 9 years

10 or more years

I Don't Know

None

Time's up

Home
Career Development Portfolio
eLearns and Credentials

Hestia | Developed by ThemeIsle