CashCourse

Quiz Me About My Financial Life

1. Why could it be risky to lend your car to a friend?

You may not get reimbursed for gas

Your friend may make a habit of asking to borrow it

You may not be covered if your friend has an accident

2. What can happen if you lease a car and decide you want to cancel the contract before it ends?

You pay a termination fee

You may pay a termination fee in addition to all the remaining payments

You simply give the car back

3. What are your odds of winning a six-number lottery?

1 in a million

1 in 5 million

1 in 10 million

4. What happens if you sign a year-long lease for an apartment and then have to move out after 6 months?

You lose your security deposit

You may have to pay the rent for the time remaining on the lease

You can just cancel the lease

5. Is it cheaper or more expensive to study abroad?

Cheaper

More expensive

It depends

6. Why is it smart to carry your student ID card with you at all times?

You can use it to get discounts

You can use it instead of a government ID

You'll need to show it when you use your credit card

7. What's an often overlooked way of making a good impression at a job interview?

Doing something unexpected or surprising to make you stand out from the crowd

Learning about the company where you'll be interviewed

Including as much information on your resumé as possible

8. What happens to the money you contribute to your 401(k) or 403(b) plan if you leave your job?

Your employer keeps it

You split it 50/50 with your employer

It's yours and you can decide what to do with it

9. Is it important to consider health insurance benefits when evaluating a job offer?

Yes

Only if you have a chronic illness or disability

10. What can happen if you fill out your W4 incorrectly?

You can end up withholding too much or prepaying too little federal tax

You risk going to jail

You'll have to pay a penalty to the IRS

Next >>