@bizjournalism
Two Minute Tips
Main
About
Awards
Coverage Areas
Resources
Chapter 14: Personal Finance Quiz
Test your knowledge of the personal finance chapter material!
1 / 10
What is a good way to connect with your readers?
Answer can be found on page 150.
Correct!
2 / 10
By federal law, consumers are entitled to one free credit report once every __ months from each of the three credit bureaus.
Answer can be found on page 153.
3 / 10
True or false: There’s no such thing as high returns without any risk.
Read more on page 147.
4 / 10
True or false: You can write about how tax changes will affect your readers.
It’s best to leave individual tax planning to tax advisers, but that doesn’t mean you can’t write stories about how tax changes will affect your readers. Read more on page 147.
Correct! It’s best to leave individual tax planning to tax advisers, but that doesn’t mean you can’t write stories about how tax changes will affect your readers.
5 / 10
Which of the following questions should you not answer as a personal finance reporter?
Answer can be found on page 147.
Correct! Beyond basic questions, the best way to answer a reader’s request for detailed financial advice is to suggest that they seek out an adviser.
6 / 10
True or false: Economists do not declare the market “recovered” until all consumers are past the financial crisis.
Even years after a financial crisis has transpired, many consumers feel that the recovery has passed them by when economists declare the market “recovered.” Read more on page 146.
Correct! Even years after a financial crisis has transpired, many consumers feel that the recovery has passed them by when economists declare the market “recovered.”
7 / 10
Who is required to put the client’s interests ahead of their own at all times when providing personal finance advice?
Answer can be found on page 148.
8 / 10
What’s a good way to make more local connections?
9 / 10
What does Annual Percentage Rate (APR) consist of?
Answer can be found on page 152.
Correct! APR tells you the annual cost of a loan and is stated as a percentage.
10 / 10
True or false: For the majority of Americans, paycheck increases more than cover the increased costs brought on by the rate of inflation.
Read more on page 146.
Your score is
The average score is 90%
Restart quiz
Get Two Minute Tips For Business Journalism Delivered To Your Email Every Tuesday
Every Tuesday we send out a quick-read email with tips for business journalism. Sign up now and get one Tuesday.