Money Masters

Teaching kids to manage money

Test Your Financial Knowledge

The following questions are all part of the Money Masters curriculum.

1. Why do your interests matter when investing in the stock market?

a. Everyone is interested in the things you are interested in.
b. When you are interested in something you usually know more about it.
c. Your interests don't matter.
d. All of the above.

2. What is a stock market?

a. A place where financial information is exchanged.
b. A place where stocks are bought and sold.
c. A place where stock prices are determined by supply and demand.
d. All of the above.

3. What is the second step of the consumer decision-making process?

a. State the problem.
b. Gather the information.
c. Evaluate the alternatives.
d. Make a decision.


4. What is the best way to improve your income if you have few job skills?

a. Get another job.
b. Get more training/education.
c. Decrease your productivity.
d. All of the above.


5. Which of the following is a consequence of spending more than you earn?

a. You can borrow money at a lower interest rate when you are older.
b. You jeopardize your long-term financial goals.
c. Your parents will be proud of you.
d. All of the above.


6. In addition to earning an income, an advantage to being an entrepreneur is

a. Long hours.
b. Being one's own boss.
c. Financial risk.
d. All of the above.


7. After you write a check you should

a. Do nothing. The check is already written.
b. Record the transaction in your check register as soon as you can.
c. Do nothing until you get your monthly statement from the bank.
d. Ask someone else to keep track of your checking account.


8. Which of the following is true of debit cards?

a. They give you up to 30 days to pay for your purchases before charging you interest.
b. You aren't borrowing money when you use them.
c. They have a credit limit.
d. All of the above.


9. What is compound interest?

a. Interest paid on both the principal and any accumulated interest.
b. Interest paid on the principal only.
c. Money borrowed on condition of being returned.
d. An obligation to pay something to someone else.


10. A market order is placed for a stock when the stock's bid price is $15.00 and the ask price is $15.25. At what price per share will the market order most likely be filled?

a. $15.00
b. $15.25
c. $15.12
d. $15.50




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