The NUthrive Financial Literacy Quiz assesses key financial concepts and decision-making skills. It covers opportunity costs, budgeting, loan repayment, and savings growth, crucial for effective personal financial management.
When your favorite store is having a sale
When you desperately need a week of vacation
When you need to buy/lease a car to get a better paying job
All of the above
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You pay bills every month at the due date
You plan your expenses to be less than or equal to your income
You are earning enough money to be able to live well
Your bills are generally paid by every due date
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A higher
A lower
The same
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You have lent money to the company
You own a part of the company
The company will return your original investment to you with interest
You are liable for the company's debts
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Rent, insurance & loan payments
Utilities, rent & restaurants
Music purchases, sports games, insurance
Tuition, rent & concerts
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Liquidity Problem
Net Cost
Opportunity Cost
None of the above
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It can affect your interest rates if you have to borrow money for a car or home
It can have an impact on whether you can finance major purchases
It can determine whether you can be approved for credit cards
All of the above
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It will charge twice the interest rate it charges other cardholders
It will start the customer off with a smaller line of credit to see how they handle the account
It will require a family member to pledge their home
All of the above
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As soon as you enroll in college
6 months after you leave college or drop below half-time enrollment
When you become employed full-time
Once you are no longer dependent on your taxes
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Quiz Review Timeline (Updated): Aug 16, 2023 +
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