{"id":14023,"date":"2016-04-21T15:27:37","date_gmt":"2016-04-21T20:27:37","guid":{"rendered":"https:\/\/resource-center.hrblock.com\/?p=14023"},"modified":"2017-08-24T19:28:10","modified_gmt":"2017-08-24T19:28:10","slug":"financial-literacy-quiz","status":"publish","type":"post","link":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/around-block\/our-purpose\/financial-literacy-quiz\/","title":{"rendered":"Can You Pass This Financial Literacy Quiz?"},"content":{"rendered":"<p>Think you know everything about how to manage money successfully? For example, do you know the difference between different types of bank accounts? What about the fees associated with a credit card? Take this financial literacy quiz and prove it!<\/p>\n<h2><strong>Q1: Uh oh, you forget to pay your cell phone bill and get a late notice. What kind of repercussions can you likely expect?<\/strong><\/h2>\n<ul>\n<li>A. Your phone will be shut off<\/li>\n<li>B. You\u2019ll be charged a late fee<\/li>\n<li>C. Your next bill will be double the price<\/li>\n<\/ul>\n<h2><strong>Q2: Which type of account allows you to make an unlimited number of withdrawals without a fee?<\/strong><\/h2>\n<ul>\n<li>A. Certificate of deposit<\/li>\n<li>B. Checking account<\/li>\n<li>C. Savings account<\/li>\n<\/ul>\n<h2><strong>Q3: Your auto insurance plan has a $600 deductible. Driving home from work, you get into an accident and cause $800 worth of damage to your car and $1,500 to the other person\u2019s car. How much of the cost do you have to cover?<\/strong><\/h2>\n<ul>\n<li>A. $200<\/li>\n<li>B. $1,700<\/li>\n<li>C. $600<\/li>\n<\/ul>\n<h2><strong>Q4: Which of the following is incorrect about using an ATM?<\/strong><\/h2>\n<ul>\n<li>A. ATMs are usually open 24 hours a day.<\/li>\n<li>B. You can get information about your account at an ATM machine.<\/li>\n<li>C. You can get cash anywhere in the world without a fee.<\/li>\n<\/ul>\n<h2><strong>Q5: What does APR stand for?<\/strong><\/h2>\n<ul>\n<li>A. Annual Perpetual Rate<\/li>\n<li>B. Annual Percentage Rate<\/li>\n<li>C. Annuity Per Refund<\/li>\n<\/ul>\n<h2><strong>Q6: How much should be in your emergency fund?<\/strong><\/h2>\n<ul>\n<li>A. $1,000<\/li>\n<li>B. Two months worth of rent or mortgage payments<\/li>\n<li>C. Six months worth of living expenses<\/li>\n<\/ul>\n<h2><strong>Q7: What is the recommended max percentage of your take-home income you should spend on monthly housing expenses?<\/strong><\/h2>\n<ul>\n<li>A. 30 percent<\/li>\n<li>B. 45 percent<\/li>\n<li>C. 50 percent<\/li>\n<\/ul>\n<h2><strong>Q8: You earn $8 an hour at your job at the mall and worked 11 hours this pay period. When you get your check, you notice it\u2019s less than the $88 you expected. Why is that?<\/strong><\/h2>\n<ul>\n<li>A. Your employer has the right to withhold money from your paycheck at will.<\/li>\n<li>B. The store you work at is allowed to take money out at will.<\/li>\n<li>C. State and federal taxes have been taken out of your paycheck.<\/li>\n<\/ul>\n<h2><strong>Q9: Student loan borrowing is at an all-time high, and so is the default rate on making student loan payments. What kind of relief should you expect on your student loans if you file for bankruptcy?<\/strong><\/h2>\n<ul>\n<li>A. Significant relief\u2014all debts are wiped clean so you can have a fresh start.<\/li>\n<li>B. Moderate relief\u2014usually payments and amount owed are adjusted to match your ability to pay.<\/li>\n<li>C. No relief\u2014it\u2019s extremely rare to get any relief for student loans from bankruptcy<\/li>\n<\/ul>\n<h2><strong>Q10: What does a FICO score determine?<\/strong><\/h2>\n<ul>\n<li>A. Your credit rating<\/li>\n<li>B. Your interest rate<\/li>\n<li>C. The fee you will be charged when taking out a loan<\/li>\n<\/ul>\n<p>Check your answers below! How\u2019d you do? Do you need to brush up on your financial literacy knowledge or do you have what it takes to have a successful financial future? Let us know in the comments section.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><em><u>Answers:<\/u><\/em><\/p>\n<ol>\n<li><em>B<\/em><\/li>\n<li><em>B<\/em><\/li>\n<li><em>C<\/em><\/li>\n<li><em>C<\/em><\/li>\n<li><em>B<\/em><\/li>\n<li><em>C<\/em><\/li>\n<li><em>A<\/em><\/li>\n<li><em>C<\/em><\/li>\n<li><em>C<\/em><\/li>\n<li><em>A<\/em><\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Think you know everything about how to manage money successfully? For example, do you know the difference between different types of bank accounts? What about the fees associated with a credit card? Take this financial literacy quiz and prove it! Q1: Uh oh, you forget to pay your cell phone bill and get a late [&hellip;]<\/p>\n","protected":false},"author":418,"featured_media":26519,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[23,32],"tags":[],"class_list":["post-14023","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-around-block","category-our-purpose"],"acf":[],"yoast_head":"<title>Can You Pass This Financial Literacy Quiz? | H&amp;R Block<\/title>\n<meta name=\"description\" content=\"Think you can pass our financial literacy quiz? Test your knowledge of successful money management at H&amp;R Block.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/around-block\/our-purpose\/financial-literacy-quiz\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Can You Pass This Financial Literacy Quiz?\" \/>\n<meta property=\"og:description\" content=\"Think you can pass our financial literacy quiz? Test your knowledge of successful money management at H&amp;R Block.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/around-block\/our-purpose\/financial-literacy-quiz\/\" \/>\n<meta property=\"og:site_name\" content=\"H&amp;R Block\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/hrblock\" \/>\n<meta property=\"article:published_time\" content=\"2016-04-21T20:27:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-08-24T19:28:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-content\/uploads\/2016\/04\/HRBDS-piggy-banks.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"940\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"H&amp;R Block\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@hrblock\" \/>\n<meta name=\"twitter:site\" content=\"@hrblock\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"H&amp;R Block\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/around-block\/our-purpose\/financial-literacy-quiz\/\",\"url\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/around-block\/our-purpose\/financial-literacy-quiz\/\",\"name\":\"Can You Pass This Financial Literacy Quiz? | H&R Block\",\"isPartOf\":{\"@id\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/around-block\/our-purpose\/financial-literacy-quiz\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/around-block\/our-purpose\/financial-literacy-quiz\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-content\/uploads\/2016\/04\/HRBDS-piggy-banks.jpg\",\"datePublished\":\"2016-04-21T20:27:37+00:00\",\"dateModified\":\"2017-08-24T19:28:10+00:00\",\"author\":{\"@id\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/#\/schema\/person\/f4718b72c980dd652973129a5e10b6e9\"},\"description\":\"Think you can pass our financial literacy quiz? Test your knowledge of successful money management at H&R Block.\",\"breadcrumb\":{\"@id\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/around-block\/our-purpose\/financial-literacy-quiz\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/around-block\/our-purpose\/financial-literacy-quiz\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/around-block\/our-purpose\/financial-literacy-quiz\/#primaryimage\",\"url\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-content\/uploads\/2016\/04\/HRBDS-piggy-banks.jpg\",\"contentUrl\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-content\/uploads\/2016\/04\/HRBDS-piggy-banks.jpg\",\"width\":940,\"height\":350},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/around-block\/our-purpose\/financial-literacy-quiz\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Can You Pass This Financial Literacy Quiz?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/#website\",\"url\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/\",\"name\":\"H&amp;R Block\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/#\/schema\/person\/f4718b72c980dd652973129a5e10b6e9\",\"name\":\"H&amp;R Block\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d3f2ab55aa4ed027afc8ce9fd703aa438b2279c917744a6f2b3741d614ca47b2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d3f2ab55aa4ed027afc8ce9fd703aa438b2279c917744a6f2b3741d614ca47b2?s=96&d=mm&r=g\",\"caption\":\"H&amp;R Block\"},\"description\":\"The social media team at H&amp;R Block works to provide valuable tax and personal finance information to clients - and potential clients.\"}]}<\/script>","yoast_head_json":{"title":"Can You Pass This Financial Literacy Quiz? | H&R Block","description":"Think you can pass our financial literacy quiz? Test your knowledge of successful money management at H&R Block.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/around-block\/our-purpose\/financial-literacy-quiz\/","og_locale":"en_US","og_type":"article","og_title":"Can You Pass This Financial Literacy Quiz?","og_description":"Think you can pass our financial literacy quiz? Test your knowledge of successful money management at H&R Block.","og_url":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/around-block\/our-purpose\/financial-literacy-quiz\/","og_site_name":"H&amp;R Block","article_publisher":"https:\/\/www.facebook.com\/hrblock","article_published_time":"2016-04-21T20:27:37+00:00","article_modified_time":"2017-08-24T19:28:10+00:00","og_image":[{"url":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-content\/uploads\/2016\/04\/HRBDS-piggy-banks.jpg","width":940,"height":350,"type":"image\/jpeg"}],"author":"H&amp;R Block","twitter_card":"summary_large_image","twitter_creator":"@hrblock","twitter_site":"@hrblock","twitter_misc":{"Written by":"H&amp;R Block","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/around-block\/our-purpose\/financial-literacy-quiz\/","url":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/around-block\/our-purpose\/financial-literacy-quiz\/","name":"Can You Pass This Financial Literacy Quiz? | H&R Block","isPartOf":{"@id":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/#website"},"primaryImageOfPage":{"@id":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/around-block\/our-purpose\/financial-literacy-quiz\/#primaryimage"},"image":{"@id":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/around-block\/our-purpose\/financial-literacy-quiz\/#primaryimage"},"thumbnailUrl":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-content\/uploads\/2016\/04\/HRBDS-piggy-banks.jpg","datePublished":"2016-04-21T20:27:37+00:00","dateModified":"2017-08-24T19:28:10+00:00","author":{"@id":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/#\/schema\/person\/f4718b72c980dd652973129a5e10b6e9"},"description":"Think you can pass our financial literacy quiz? Test your knowledge of successful money management at H&R Block.","breadcrumb":{"@id":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/around-block\/our-purpose\/financial-literacy-quiz\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/hrbcomlnp.hrblock.com\/tax-center\/around-block\/our-purpose\/financial-literacy-quiz\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/around-block\/our-purpose\/financial-literacy-quiz\/#primaryimage","url":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-content\/uploads\/2016\/04\/HRBDS-piggy-banks.jpg","contentUrl":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-content\/uploads\/2016\/04\/HRBDS-piggy-banks.jpg","width":940,"height":350},{"@type":"BreadcrumbList","@id":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/around-block\/our-purpose\/financial-literacy-quiz\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/"},{"@type":"ListItem","position":2,"name":"Can You Pass This Financial Literacy Quiz?"}]},{"@type":"WebSite","@id":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/#website","url":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/","name":"H&amp;R Block","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/#\/schema\/person\/f4718b72c980dd652973129a5e10b6e9","name":"H&amp;R Block","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d3f2ab55aa4ed027afc8ce9fd703aa438b2279c917744a6f2b3741d614ca47b2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d3f2ab55aa4ed027afc8ce9fd703aa438b2279c917744a6f2b3741d614ca47b2?s=96&d=mm&r=g","caption":"H&amp;R Block"},"description":"The social media team at H&amp;R Block works to provide valuable tax and personal finance information to clients - and potential clients."}]}},"_links":{"self":[{"href":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-json\/wp\/v2\/posts\/14023","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-json\/wp\/v2\/users\/418"}],"replies":[{"embeddable":true,"href":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-json\/wp\/v2\/comments?post=14023"}],"version-history":[{"count":0,"href":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-json\/wp\/v2\/posts\/14023\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-json\/wp\/v2\/media\/26519"}],"wp:attachment":[{"href":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-json\/wp\/v2\/media?parent=14023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-json\/wp\/v2\/categories?post=14023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/wp-json\/wp\/v2\/tags?post=14023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}