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Financial Literacy Cumulative Exam Questions and Answers
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  • Financial Literacy

Use figure 2 to answer the following: The first set of numbers () on the check represents the: - Answer-Bank routing number Use the above figure to answer the following: The set of numbers (101) on the top-right of the check represents the: - Answer-Check number Which type of bank account typ...

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  • October 12, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • financial literacy cumulative exam questions and a
  • use figure 2 to answer the following the first se

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  • Financial Literacy
  • Financial Literacy

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Financial Literacy Cumulative Exam
Questions and Answers
Use figure 2 to answer the following: The first set of numbers (74894934) on the check
represents the: - Answer-Bank routing number

Use the above figure to answer the following: The set of numbers (101) on the top-right
of the check represents the: - Answer-Check number

Which type of bank account typically offers no interest? - Answer-Money market

Which of the following typically have the highest fees? - Answer-Payday Lender

Use the table below to answer the following question: Asim earns $250 per month.
Which statement below is most correct? - Answer-Asim spends more than she makes

Which of the following typically has the lowest fees or costs to use? - Answer-Debit card

Which of the following provides the best protection against identity theft? - Answer-
Shred documents that contain personal information

Which piece of information is most useful to an identity theft? - Answer-Your full name
and social security number

Which will most benefit you financially? - Answer-A savings account that compound
interest daily

(Check all that apply) Which of the following are examples of types of saving vehicles? *
- Answer-Certificate of deposit (CD), Money Market Account, Savings Account

Which of the following drivers will likely pay the highest auto insurance premiums? -
Answer-Younger, inexperienced drivers

What auto coverage is required by law? - Answer-Medical and Liability

Which two coverage's protect the car and is required by lenders? - Answer-Collision,
Comprehensive

Isaiah needs to visit the doctor. The cost of the appointment without insurance is $200.
Isaiah has an insurance plan through his employer with a$50 monthly premium and $20
co-pay. How much will Isaiah have to pay his doctor? - Answer-$20

Which form is your employer required to send to you before January 31 so you can file
your tax return? - Answer-W-2

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