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 (A)</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 (C)</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 (A)</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 (D)</p> Signup and view all the answers

What was the earliest known research in personal finance conducted?

<p>In the 19th century (A)</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 (A)</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 (B)</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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