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Financial Literacy 11th Grade Exam Questions and Answers
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  • Course
  • Financial Literacy
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  • Financial Literacy

Maurice is comfortable with high level of risk and wants to make a quick return on his investment. Which type of investment would be the best option for Maurice? - Answer-A hedge fund. What will most likely happen to your credit score if you pay off all your credit cards? - Answer-Your credit sc...

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  • October 12, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • financial literacy 11th grade exam questions and a
  • maurice is comfortable with high level of risk and

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  • Financial Literacy
  • Financial Literacy

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Financial Literacy 11th Grade Exam
Questions and Answers
Maurice is comfortable with high level of risk and wants to make a quick return on his
investment. Which type of investment would be the best option for Maurice? - Answer-A
hedge fund.

What will most likely happen to your credit score if you pay off all your credit cards? -
Answer-Your credit score will go up.

The purpose of the Health Insurance Marketplace is to: - Answer-encourage
competition and lower help insurance costs for users.

Why should you start saving for retirement early? - Answer-The longer you save the
more money your investments will earn.

What is one advantage of learning a trade compared to attending a four-year college? -
Answer-Learning a trade typically requires less time in school.

Which for of federal financial aid often need based? - Answer-Pell grants.

Which type of withholding goes towards U.S. income tax? - Answer-Federal withholding.

Who should fill out a Free Application for Federal Student Aid (FAFSA)? - Answer-All
students should fill out a FAFSA

A lower credit score indicates that a person is: - Answer-less likely to pay off a debt.

Which investment option has the highest risk? - Answer-Stock

If a loan is not guaranteed by collateral, it is called a(n) ---- loan. - Answer-unsecured
loan

The interest rate that lenders publish or advertise is usually: - Answer-the nominal
interest rate

What is one way to achieve financial well-being? - Answer-Use your money wisely and
purposefully

If you suspect you are the victim of identity theft, you should notify your credit card
companie so they can: - Answer-freeze your credit accounts and remove fraudulent
charges.

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