FL - What about Financial Literacy

Answer the following questions. Be sure to hit submit when finished
Name: 


  1. Teens get most of their money from part-time jobs.
    True
    False
    IDK


  1. Most teens who are 18 or 19 years old have a checking account.
    True
    False
    IDK


  1. Ninety percent of high school students rely on their parents for information about money.
    True
    False
    IDK


  1. The average American will have had 10 jobs between the ages of 18 and 38.
    True
    False
    IDK


  1. Adam started saving $50 per month when he turned 18, while Beth started saving $100 per month when she turned 24.They both earn 6% on their money. Beth will have more money by the time they both turn 30.
    True
    False
    IDK


  1. The average person spends money three times a day.
    True
    False
    IDK


  1. The higher the interest rate, the less time it takes to reach a savings goal.
    True
    False
    IDK


  1. The smaller the down payment someone makes on a car, the less interest the owner pays for a car loan.
    True
    False
    IDK


  1. About ______% of teens ages 16-18 already have more than $1,000 in debt.


  1. _____% of teens say they understand how credit card interest and fees work.


  1. _____% of teens say they know how to establish good credit.


  1. _____% of teens ages 16-19 have their own credit card.


  1. A disabling injury occurs every minute.
    True
    False
    IDK


  1. One in 10 Americans visits the emergency room each year.
    True
    False
    IDK


  1. Sixteen-year-old drivers have crash rates that are three times greater than those of 17-year-old drivers and five times greater than those of 18-year-old drivers.
    True
    False
    IDK





Mrs. Chang
North Hunterdon Business Instructor
North Hunterdon High School
Annandale, NJ