Morning Money Trivia!

The questions of this quiz is to test your skills and to develop a plan for spending and saving, to keep and use financial records, to understand different payment methods, to apply consumer skills for purchase decisions and to be able to develop a simple financial plan.

Q1) Suzy has financed her house with a fixed-rate mortgage. She also has a large sum of money in a savings account, shares of the corporation where she works, and a certificate of deposit. Which of these assets protect her against a sudden inflation increase?

Q 2) Marie plans to purchase a house in two years and she already has the money for down payment put aside in her checking account. Which of the following actions would be of most benefit to her?

Q 3) Mark has started a job six months ago with a monthly take-home pay of $1,400. If his monthly rent has been $700 per month and he spent an average of $200 for food, $100 for clothing and $200 for utilities and everything else, how much did Mark save in the last six months?

Q 4) George has a good job with an accounting firm, that pays $40,000 before taxes. At the end of the year he receives an annual salary increase of $12,000. His next year monthly take-home pay will?

Morning Money Trivia!


Facebook Conversations