Personal Finance trivia
More Personal Finance Trivia
Personal Finance Mini Quiz
Test your knowledge with these top questions!
What does an insurance "deductible" represent for a policyholder?
A deductible is the preset amount the insured person must pay before the insurance company begins covering the remaining costs.
In personal investing, what term describes a sudden, severe market-wide price drop?
A market crash is a rapid, double-digit percentage drop across major stock indices, often triggered by panic selling or economic shocks.
What is the primary purpose of a credit freeze with major bureaus?
A credit freeze restricts access to your credit report, preventing fraudsters from opening new unauthorized loans or credit cards.
Which US Treasury security adjusts its principal value with inflation?
Treasury Inflation-Protected Securities (TIPS) adjust their principal value based on the Consumer Price Index to protect purchasing power.
Which ratio compares credit used to credit available?
Utilization below 30% signals responsible credit use.
Which ratio helps judge a stock's price vs earnings?
P/E divides share price by earnings per share.
Which budget item should come before discretionary spending?
An emergency fund covers unexpected expenses without debt.
What does employer matching do for retirement contributions?
Matching adds employer dollars up to a percentage of pay.
Which habit most improves a credit score over time?
Payment history is the largest factor in FICO scoring models.
Which US employer plan allows pre-tax retirement saving?
A 401(k) defers income tax until withdrawal in retirement.