Fill in the Blanks Competent Financial Literacy Quiz (Hard)Online version Prove that you're an expert in financial literacy by successfully completing this fill-in-the-blank quiz! by WM 1 Kevin ? s dropped after he maxed out his four credit cards and couldn ? t pay them off . 2 To reduce her risk , Sarah decides to practice by investing in a mix of stocks and ETFs in different industry sectors . 3 When Kevin took out a $10 , 000 loan for his business , the he borrowed had to be paid back with interest . 4 Before signing up for a credit card , Kevin compared the to understand how much he ? d owe in annual interest and fees . 5 Kevin contributes to his company ? s plan , which his employer matches , to help save for retirement . 6 Sarah knows there ? s a level of in every investment , but she is willing to take a chance for higher returns . 7 Sarah is considering her car loan to get a lower monthly payment and a better interest rate . 8 Before filing taxes , Kevin checked his to determine how much of his income would be taxed at different rates . 9 Sarah was careful not to exceed her on her credit card to avoid additional fees and penalties . 10 Because of the earned on his savings , Kevin grew his account balance much faster over time . 11 Sarah sold a piece of art for $10 , 000 . The art is considered an because it had monetary value and was used to generate additional income . 12 The $20 , 000 loan that Kevin owes on his car is listed as a on his personal balance sheet . 13 To start her small business , Sarah needed to raise for buying equipment and hiring staff . 14 Kevin created a detailed to help him save for a house , manage his debt , and invest for retirement . 15 Stock prices for a new tech company changed dramatically within days , showing high levels of . 16 After struggling to pay his debts , Kevin declared to restructure his financial obligations . 17 Kevin calculated his by subtracting his car loan and credit card debt from the total value of his assets . 18 Knowing her , Sarah chose low - risk bonds instead of volatile stocks for her investment portfolio . 19 During the last , Kevin lost his job as the economy slowed down , but he relied on his emergency fund to get by . 20 Sarah chose a loan with interest to ensure her payments remained predictable over time . 21 To maintain a good credit score , Kevin kept his credit card below 30% . 22 After covering all her monthly expenses , Sarah had a of money that she decided to put in a high - yield savings account . 23 The rising demand for houses in the city led to , driving up property prices . 24 Kevin contributed to his Roth IRA retirement plan knowing that the - growth would benefit him in the long run . 25 Sarah diversified her to lower her of losing money . 26 After flipping a house in a growing neighborhood , Sarah calculated her to ensure the project was profitable . 27 Kevin adjusted his to include more bonds as he approached retirement . 28 The announced an interest rate hike to combat rising inflation . 29 Sarah monitors the daily to track her investments and make informed decisions . 30 Kevin decided to invest in , purchasing a rental property as a source of passive income . 31 As a young , Sarah launched a tech startup that quickly gained traction among investors . 32 Kevin chose to invest in stocks rather than real estate because they offered greater , allowing him to access cash quickly if needed . 33 The country ? s grew significantly this year due to an increase in consumer spending and technological advancements .
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