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 Test Your Knowledge

1. How many credit cards does the average person have?



2. What is comprehensive coverage (auto insurance)?



3. What is the prime interest rate?



4. The Dow Jones Industrial Average is made up of how many stocks?



5. How much life insurance do you receive from the military?



6. Will your spouse inherit everything you own at your death?



7. The best measure of the U.S. stock market is by what index?



8. Given a $20,000 auto loan at a fixed 9 percent APR, what is the monthly payment for a 48-month term?



9. The NASDAQ is primarily made up of what sector?



10. What is the average credit card debt in the USA?



11. What is the recommended maximum level of housing and debt service cost to gross income?



12. How much can you give as a gift to any one person in a year without incurring a gift tax?



13. What percentage of Americans own a home?



14. If you won $10,000,000 in the lottery, you would be given the option of being paid the entire $10,000,000 immediately or $333,333 every year for the next 30 years. Which option would you choose and why?



15. True or False: I was activated on March 13, 2003. My family won't be eligible for TRICARE Prime until I have served at least 6 months.



16. How much money would you save every year if you stopped buying lunch out everyday, stopped buying cigarettes, or stopped buying a daily Caramel Macchiato?



17. True/False: I bought a Personal Umbrella Policy that covers me for damages caused by heavy rains that are not covered by my homeowners or automobile insurance policies.



18. How many Americans do not have health insurance (2002 statistics)?



19. Who would decide whether you should be kept on artificial life support if you were in a vegetative state?



20. How is the best way for you to take control of your personal finances?