11 EverFi – Financial Literacy Trivia

22 Which institution provided this financial literacy program for your school? Trivia Question No. 1

33 Answer

4444 Today’s Category: MONEY IN THE BANK

55 Trivia Question No. 2 A.Ben Bernanke B.Janet Yellen C.Alan Greenspan D.Jack Lew Who is the current Chair of the Federal Reserve?

66 Trivia Question No. 3 What is interest? A.The fee paid on borrowed principal or money B.A type of bank account C.The shares of a particular company or corporation

77 Trivia Question No. 4 If Isabella deposits $1,000 in a savings account with a 4-percent annual interest rate, how much money will she have at the end of the year?

88 Compound Interest Explained Year Amount at Beginning of Year Interest Earned Total Amount at End of Year 2014$1,000$40$1, $1,040$42$1, $1,082$43$1, $1,125$45$1, $1,170$47$1, $1,217$49$1, $1,265$51$1, $1,316$53$1, $1,369$55$1,423 Given a 4-percent annual interest rate.

99 Read the statement from Cara below and select the account that best fits her needs. Trivia Question No. 5 “I need convenient and frequent access to my money at any time. Which type of account will work best for me?” A.Savings Account B.Checking Account C.Certificate of Deposit

10 Read the statement from Russell below and select the answer that best fits his needs. Trivia Question No. 6 “I worked this summer. I filled out paper work on my first day. I am going to file my tax return. I should bring the summary of my earning and tax withholding. What form should I bring that will tell me the previous year’s annual income and withholding for my tax returns? A.990- B B.W-2 C.1040 EZ

11 7) Which statement(s) is(are) true? A.You can buy a hot chocolate at starbucks for $4 or you can own starbucks for $60. B.You can pay comcast $100 a month or you can own comcast for $61. C.You can buy a ferrari 458 for $267,303 or you can own ferrari for $56. D.An IPO is an initial public offering. Trivia Question #7

12 8) The report card that tracks your history of paying your bills that people use to see if you are ready for new financial opportunities like buying a new car, signing up with a cell phone provider or leasing an apartment? A.Credit Report B.Debt-Income Ratio C.Capital Expenditures Report Trivia Question No. 8

13 Trivia Question No. 9 9) I plan to… A.Trace my financial steps by tracking my expenses B.Invest in myself now for my future C.Set savvy saving goals D.All of the above