80 Personal Finance Basics Trivia Questions with Answers
80 public questions with answers, drawn from the well. How many can you answer?
In household budgeting, what is the amount left when income exceeds expenses?
Answer
Budget surplus
In personal finance, what insurance pays a beneficiary after the insured person's death?
Answer
Life insurance
In U.S. personal finance, what tax-advantaged account is designed for qualified medical expenses?
Answer
Health savings account
In personal finance, what type of interest is calculated only on the original principal?
Answer
Simple interest
In consumer credit, what annualized measure combines an interest rate with certain loan fees?
Answer
Annual percentage rate
In personal finance, what does the U.S. agency FDIC stand for?
Answer
Federal Deposit Insurance Corporation
In U.S. workplace retirement plans, what is an employer’s contribution made to match an employee’s own contribution called?
Answer
Employer matching contribution
In personal finance, what is the ratio of monthly debt payments to gross monthly income called?
Answer
Debt-to-income ratio
In personal finance, what asset pledged to secure a loan is called what?
Answer
Collateral
In personal finance, what investing strategy divides purchases into equal amounts made at regular time intervals?
Answer
Dollar-cost averaging
In personal finance, what tax rate applies to the next dollar of taxable income?
Answer
Marginal tax rate
In personal finance, what annualized rate includes the effect of compounding on a savings account?
Answer
Annual percentage yield