CashCourse

Quiz Me About Financial Realities

1. Which budget killer can pose the greatest threat to your wallet?

Gourmet coffee drinks

Borrowing money to pay for college

Spending without a plan

2. If, on your 20th birthday, you begin putting $200 a month in an investment account earning 8% annually, how much will you have by the time you turn 50?

$72,000

$150,000

$300,000

3. If you apply for a store credit card, how can they approve you—or turn you down—on the spot?

They check out what you're wearing

They check out your credit score

They check out your purchase history at the store

4. What's the average fee you have to pay to put a hold on a scholarship offer?

Nothing

10% of the scholarship amount

$35

5. If one of your roommates drops out and leaves an apartment you've leased together, who is legally responsible for that roommate's share of the rent?

You

Your roommate

It depends on state law

6. What's a phisher fishing for?

Your personal and financial information

Digital fish in an online game

Your academic records

7. If someone steals your credit card and uses it, how much could you end up owing?

$50

$500

The total unauthorized charges

8. Can you get financial aid for studying abroad?

No, you can't use any financial aid for study abroad

You can use private scholarships but not state or federal loans or grants

Yes, you can use all types of financial aid for study abroad

9. Where can you find the best cheap eats?

At a salad bar

At a pizza joint

At home

10. When do you have to start repaying your student loans?

Right after you graduate

6 months after graduation

As soon as you find a job

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