ready to take a Financial Literacy Quiz?

Master Your Money: A Quiz to Test Your Financial Literacy

Citizens State Bank is proud to celebrate Financial Literacy Awareness Month this April by inviting you to participate in our Financial Literacy Quiz! We believe in empowering our community with the knowledge and tools necessary for financial wellness. Our quiz is designed to test your understanding of basic financial concepts, including saving, investing, budgeting, and credit management. Whether you’re a financial novice or a savvy saver, this quiz is a great opportunity to assess your financial knowledge and learn valuable insights. Join us in our commitment to financial education and take the first step towards mastering your finances. Let’s make financial literacy a priority for everyone this month!

Financial Literacy Quiz

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What makes up your credit score?

2 / 22

Inflation affects your buying power by:

3 / 22

What does 'amortization' mean for a mortgage?

4 / 22

What is a key benefit of having a written financial plan?

5 / 22

Who calculates your credit score?

6 / 22

What is the recommended down payment on a standard home loan?

7 / 22

How often can you check your credit report without paying?

8 / 22

What is the debt snowball method?

9 / 22

What costs should you consider besides the home's price?

10 / 22

How much of your paycheck should you try to save each month?

11 / 22

What debts can't you erase with bankruptcy?

12 / 22

What is a zero-based budget?

13 / 22

How do you figure out your net worth?

14 / 22

Which of the following is a characteristic of a SMART financial goal?

15 / 22

What portion of your income should go to a car payment?

16 / 22

What's a healthy debt-to-income ratio to keep things stable?

17 / 22

What should be part of your budget?

18 / 22

What's a good strategy for your personal budget?

19 / 22

How does compound interest differ from simple interest?

20 / 22

What does APR really mean?

21 / 22

Which of the following is a recommended strategy for building an emergency fund?

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What does 'liquidity' mean?

Your score is

The average score is 72%

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Connect with Citizens State Bank Today for Personalized Guidance and Support.

Citizens State Bank is dedicated to enhancing your financial health and knowledge, not just during Financial Literacy Awareness Month, but all year round. If you’re inspired to take control of your financial future, have any questions, or are ready to take the next step towards financial wellness, we encourage you to reach out to us. Our team is here to provide you with personalized support, resources, and guidance to help you navigate the complexities of financial planning, saving, investing, and credit management. Let’s work together to achieve your financial goals and make informed decisions that lead to a secure and prosperous future.

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