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Credit and Financial Literacy Quiz
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Credit and Financial Literacy Quiz

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Questions and Answers

What type of institution issues the Experian Smart Moneyâ„¢ Debit Card?

  • Experian
  • Community Federal Savings Bank (correct)
  • Mastercard International
  • FDIC
  • Where are the funds in the Experian Smart Moneyâ„¢ Digital Checking Account held?

  • FDIC
  • Mastercard International
  • Community Federal Savings Bank (correct)
  • Experian
  • Who is the Program Manager for the Experian Smart Moneyâ„¢ Digital Checking Account?

  • Community Federal Savings Bank
  • Experian (correct)
  • FDIC
  • Mastercard International
  • Who insures the funds in the Experian Smart Moneyâ„¢ Digital Checking Account?

    <p>FDIC</p> Signup and view all the answers

    Who is eligible for the $50 bonus in relation to the Experian Smart Moneyâ„¢ Digital Checking Account?

    <p>Experian Smart Moneyâ„¢ Digital Checking Account holders</p> Signup and view all the answers

    What is an example of a banking product that an individual might consider when planning personal finances?

    <p>Consumer loans</p> Signup and view all the answers

    Which discipline was taught in various colleges as part of home economics for over 100 years and is closely related to personal finance?

    <p>Consumer economics</p> Signup and view all the answers

    What was the earliest known research in personal finance conducted?

    <p>In the 19th century</p> Signup and view all the answers

    Which of the following is an example of an investment product that an individual might consider when planning personal finances?

    <p>Mutual funds</p> Signup and view all the answers

    What aspect of personal finance involves the monitoring of employer-sponsored retirement plans?

    <p>Participation in retirement plans</p> Signup and view all the answers

    Study Notes

    Experian Smart Moneyâ„¢ Debit Card

    • The Experian Smart Moneyâ„¢ Debit Card is issued by a bank.
    • Funds in the Experian Smart Moneyâ„¢ Digital Checking Account are held at MetaBank, N.A.
    • The Program Manager for the Experian Smart Moneyâ„¢ Digital Checking Account is Customer Service provided by Republic Bank & Trust Company.

    Eligibility and Insurance

    • Funds in the Experian Smart Moneyâ„¢ Digital Checking Account are insured by the FDIC.
    • New customers who open an Experian Smart Moneyâ„¢ Digital Checking Account and receive a qualifying direct deposit of $250 within 60 days are eligible for a $50 bonus.

    Personal Finance

    • An example of a banking product to consider when planning personal finances is a debit card.
    • The discipline of personal finance was taught in various colleges as part of home economics for over 100 years.
    • The earliest known research in personal finance was conducted in the 1930s by the National Endowment for Financial Education (NEFE).

    Investment and Retirement

    • An example of an investment product to consider when planning personal finances is a mutual fund.
    • Monitoring of employer-sponsored retirement plans, such as a 401(k) or IRA, is an aspect of personal finance.

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    Description

    Test Your Financial Literacy: Take this quiz to assess your knowledge of credit reports, FICO® scores, and financial management. Learn about the importance of monitoring your credit and understanding your score.

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