CashCourse

Quiz Me About My Financial Life, Again

1. What's one way to reduce the cost of auto insurance?

Choose a lower deductible policy

Get good grades

Drive a more expensive car

2. If you buy a new car for $20,000, about how much will it be worth in 3 years?

$12,000

$18,000

$20,000

3. What should you do if you think a friend has a gambling problem?

Lend your friend money so he or she can pay off gambling debts

Go gambling with the person so you can supervise

Talk to your friend and suggest that he or she get help

4. If you have a party and someone damages the apartment you lease, who's responsible?

Your landlord

The person who does the damage

You

5. What's a hidden factor that can affect your cost of studying abroad?

The currency exchange rate

Income taxes in your host country

Keeping in touch with family and friends

6. What's a smart way to save money on food?

Eat less

Choose high-calorie, less expensive options like pizza, fast food, and potato chips

Pack your own snacks rather than buying them from vending machines

7. If you're applying for a job at a company that has a very casual dress code, how should you dress for the interview?

Dress as you would for any other interview

Dress the way the current employees of the company dress

Dress more formally than the employees but less formally than you would for a typical interview

8. What's the most important feature to look for in a company's 401(k) or 403(b)?

Matching contributions from your employer

The plan's investment choices

Both of the above

9. How can choosing a high deductible plan affect the cost of your health insurance?

It can increase the cost

It can lower the cost

It has no effect

10. How will contributing to a traditional 401(k) or 403(b) retirement plan affect your current taxes?

It will have no effect on your taxes

It will raise your taxes

It will lower your taxes

Next >>