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[Banking System | The Fed |Saving |Stocks | Bonds | Mutual Funds |Self quiz |Activities for Financial Planning ]
Are You an Informed User of Financial Services?
Use this quiz as a self-assessment to gauge how financially savvy you are.
For each of the following statements indicate a “Yes” or “No” answer.
_____ _____ 1. Do you know a financial institution in your community that has safe-deposit boxes?
_____ _____ 2. Do you know the current rate of return on your savings account?
_____ _____ 3. Do you know the frequency of compounding for your savings account?
_____ _____ 4. Do you know where you can buy U.S. savings bonds in your community?
_____ _____ 5. Do you know if there is a credit union in your community?
_____ _____ 6. Do you know the location of your financial institution’s 24-hour automatic teller machines?
_____ _____ 7. Do you know the monthly service charge on your checking account and the fees on your ATM withdrawals?
_____ _____ 8. Do you know the minimum balance on your checking account to avoid a service charge?
_____ _____ 9. Do you know the charge for an overdraft on your checking account?
_____ _____ 10. Do you know the annual percentage rate charged on your credit cards and charge accounts?
_____ _____ 11. Do you know the annual fee for your bank credit card?
_____ _____ 12. Do you know the interest rate for automobile loans at your financial institution?
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