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Two Minute Tips
Chapter 14: Personal Finance Quiz
Test your knowledge of the personal finance chapter material!
1 / 10
What’s a good way to make more local connections?
Answer can be found on page 150.
Correct!
2 / 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.
3 / 10
True or false: A stockbroker and an investment advisor are the same thing.
Stockbrokers and investment advisors are regulated by different standards. Read more on page 148.
Correct! Stockbrokers and investment advisors are regulated by different standards.
4 / 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.
5 / 10
True or false: You can accurately predict the direction of interest rates and financial markets.
Read more on page 151.
6 / 10
What is a good way to connect with your readers?
7 / 10
Why is it a good idea to meet financial professionals in your community?
Answer can be found on page 149.
8 / 10
What does AGI stand for?
Correct! This is used to determine your taxable income.
9 / 10
True or false: Personal finance reporters are not personal finance advisors.
Read more on page 147.
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
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