Quiz created: 1999/2/7
Instructions: Answer the multiple choice questions, guessing if necessary, then click on the "Process Questions" button to see your score. The program will not reveal which questions you got wrong, only how many points you have. Go back and change your answers until you get them all right. (The message box will rejoice at that point and the page will change color in delight.)
Points to note: (1) Questions with only one possible answer are one point each. (2) Questions with one or more possible answers (represented by check boxes) give a point for each correct answer, but also subtract a point for each wrong answer! (3) The program will not attempt to score your efforts at all if you have not tried at least half of the questions. (4) This practice quiz is for your own use only. No record of your progress is kept or reported to anyone.
Introduction: The Jump$tart Coalition for Personal Financial Literacy seeks to introduce some financial literacy information into high schools. In a national survey in 1999, the Coalition discovered that many questions about daily financial situations were not correctly answered by more than half of the high school seniors examined.
In a new survey in 2002, scores were worse.
The first four questions in this quiz are among those with the highest error rates. Questions five and higher are ones I added.
A link is provided at the end to get you to the Jump$tart home page; if you find the questions here anything but trivial, you would probably profit by a visit to them.
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Link directly to the Jump$tart Coalition for Personal Financial Literacy home page.
Link to Net Credit education page.
(Net Credit is a commercial loan firm, but the page suggested here ends with a number of links to useful sites devoted to financial education for students, including Jump$tart and Federal Reserve Education. This link was suggested by a user of this quiz.)
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This consummately cool, pedagogically compelling, self-correcting,
multiple-choice quiz was produced automatically from
a text file of questions using D.K. Jordan's
Think Again Quiz Maker
of October 31, 1998.