British Princess
Quiz by , created more than 1 year ago

Take the Personal Money Service Quiz. Are you smart about money? Take the quiz and find out if you can qualify for online loans with monthly payments online. Find out more info about loans at https://personalmoneyservice.com/choose-online-loans-with-monthly-payments/

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British Princess
Created by British Princess about 6 years ago
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Personal Money Service Quiz

Personal Money Service Quiz

Question 1 of 10

1

Which of the following threatens your wallet the most?

Select one of the following:

  • Getting a coffee at the coffee shop

  • Having no budget

  • Borrowing money to buy a car

Explanation

Question 2 of 10

1

When applying for a store credit card, how do you know if you’re approved?

Select one of the following:

  • From your outfit

  • Based on your credit score

  • From the amount of money you spent in the store

Explanation

Question 3 of 10

1

What’s a good FICO credit score?

Select one of the following:

  • In the 500s

  • In the 600s

  • In the 700s

Explanation

Question 4 of 10

1

What does a phisher require?

Select one of the following:

  • Personal and financial details

  • A date

  • Academic records

Explanation

Question 5 of 10

1

If you’ve been a victim of credit card fraud, how much do you owe in the end?

Select one of the following:

  • The total bill

  • $500

  • $50

Explanation

Question 6 of 10

1

What's the key difference between a Roth IRA and Traditional IRA?

Select one of the following:

  • Roth IRAs and Traditional IRAs are both taxed

  • Roth IRAs include stocks and Traditional IRAs don’t

  • In case with Roth IRAs, you pay taxes before putting the money in the account - With Traditional IRAs, you pay taxes when you taking money in retirement.

Explanation

Question 7 of 10

1

Your savings account’s interest rate is 1% a year and the inflation is 2% a year.
How will the money sum change after one year?

Select one of the following:

  • The money will stay exactly the same

  • Money in the account would buy more than today

  • Money in the account would buy less than today

Explanation

Question 8 of 10

1

How much money should go into the emergency fund?

Select one of the following:

  • 3% of the salary

  • 3-6 months worth of income

  • Nothing

Explanation

Question 9 of 10

1

How do you know if you’ve been a victim of credit card fraud?

Select one of the following:

  • You receive someone else’s mail

  • You receive someone else’s bills

  • You receive spam mail

Explanation

Question 10 of 10

1

How to start building the credit score?

Select one of the following:

  • Get rid of the credit card in order not to make more purchases

  • Maintain the credit card balance and pay the minimum every month

  • Pay all the bills in time

Explanation

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