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Having a Plan

Banking

Savings

Credit Score

Retirement

Quiz Yourself

BAP Financial Literacy Quiz Answers:

1. Where should you begin when planning your financial future?
1. Deciding which stock, bonds, and other investments to choose from
2. Choosing where you want to be financially in the future
3. Figuring out where you are financially today
4. Pursuing financial education like books and seminars
2. What is a banking hold?
1. The time it takes the bank to transfer money to another bank or institution
2. The bank freezing access to funds until proper verification has been met
3. An IRS auditor holding funds until all accounts have been cleared
4. A garnishment of wages proceeding through the bank
3. In America, how many millionaires are self made millionaires?/li>
   1. 1/5
   2. 1/3
   3. 2/3
   4. 1/2

4. Your credit score has an affect on?
1. How much you will pay in insurance premiums
2. Whether you are a qualified renter or not
3. Whether you will pay hundreds of thousands more in interest to the bank
4. All of the above
5. Which type of retirement plan would be the best for someone who is just starting to save for retirement?
1. Traditional IRA
2. 401(K) if available
3. Roth IRA
4. Social Security

Quiz Answers