Test Your Financial Savvy Take the quiz below to see how knowledgeable you are about financial matters that may affect your life: 1. People who have mismanaged a bank account may be placed into ChexSystems for five years. True False Not sure 2. Rent is an example of a flexible expense. True False Not sure 3. A budget is a spending plan. True False Not sure 4. If you cannot afford to purchase an item, rent to own is a good method to get that item by paying a little bit at a time. True False Not sure 5. Regular interest makes your money grow faster than compound interest. True False Not sure 6. Overdraft protection is a low cost way to make sure you never bounce a check. True False Not sure 7. 550 is a good credit score. True False Not sure 8. You can get a free copy of your credit report by going to www.freecreditreport.com. True False Not sure 9. Your credit score is affected by your income; the higher your income, the higher your score. True False Not sure 10. If you miss a payment on one credit card, the other credit card issuers will not care as long as you make on time payments to them. True False Not sure 11. The police will help you clear up a case of identity theft. True False Not sure 12. Credit reports have a high degree of accuracy. True False Not sure Click here to see Test Answers

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