Chapter 14

Personal Finance

Test your knowledge

Chapter 14: Personal Finance Quiz

Test your knowledge of the personal finance chapter material!

1 / 10

By federal law, consumers are entitled to one free credit report once every __ months from each of the three credit bureaus.

2 / 10

What do you call an expense that is deducted from the adjusted gross income, reducing your taxable income?

3 / 10

Which of the following questions should you not answer as a personal finance reporter?

4 / 10

True or false: Personal finance reporters are not personal finance advisors.

5 / 10

True or false: You should only include the numbers that are relevant to your story.

6 / 10

True or false: Economists do not declare the market “recovered” until all consumers are past the financial crisis.

7 / 10

What’s a good way to make more local connections?

8 / 10

If interest rates fall, what is likely to happen to bond prices?

9 / 10

True or false: There’s no such thing as high returns without any risk.

10 / 10

Who is required to put the client’s interests ahead of their own at all times when providing personal finance advice?

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The average score is 90%

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