Ten real questions. One from each subject.

This is the actual exam experience members get, pulled straight from the catalog. Answer all ten and we grade you on the spot. No email. No card.

Career

1

In a salary negotiation, what is anchoring?

The tendency for the first number mentioned to pull the rest of the negotiation toward it Refusing to move from your opening number Asking for the offer in writing Tying your salary request to the company's stock price

Credit

2

What is the standard range for a FICO credit score?

0 to 100 300 to 850 100 to 1,000 500 to 990

Economics

3

What is inflation?

A rise in the stock market over time An increase in government tax rates A general rise in prices that reduces the purchasing power of money A drop in the unemployment rate

Entrepreneurship

4

How is business profit calculated?

Total sales multiplied by the tax rate Total revenue minus total expenses Cash in the bank at year end Revenue minus owner salary only

Family Finance

5

What is the main benefit of a 529 college savings plan?

Contributions are deductible on your federal tax return The plan guarantees admission to in state universities Investments grow tax deferred and withdrawals for qualified education expenses are tax free The government matches every dollar you contribute

Investing

6

What is compound interest?

Interest paid only on the original principal Interest earned on both the original principal and the interest that has already accumulated A fee banks charge for holding deposits Interest that is fixed by the government

Money Management

7

Under the popular 50/30/20 budgeting rule, what does the 20 percent portion of your take-home pay go toward?

Housing and utilities Entertainment and dining out Savings and debt repayment beyond minimums Groceries and transportation

Protection

8

What is an insurance deductible?

The monthly amount you pay to keep the policy active A discount for safe behavior The amount you must pay out of pocket on a claim before the insurer pays The maximum the insurer will ever pay you

Real Estate

9

What is a down payment on a home purchase?

The first monthly mortgage payment The portion of the purchase price you pay upfront in cash rather than borrow A refundable deposit held by the real estate agent The fee paid to lock your interest rate

Retirement

10

What is a 401(k)?

A government pension paid to all retirees A type of bank savings account with a fixed interest rate An employer sponsored retirement plan that lets workers invest part of their paycheck A loan program for first time home buyers

Grade Me