The document appears to be a quiz about various financial topics for young adults, including auto financing, saving and investing, credit tips and traps, identity theft, and predatory lending. It contains questions and answers about these topics in a multiple choice format.

1. The Money…What Young Adults Need to Know Game
Wheeling &
Dealing
Saving &
Investing
Credit Tips
& Traps
Identity
Theft
Predatory
Lending
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2. The Answer is:
Example of an auto safety feature.

3. The Question is:
What is airbags or anti-lock
braking system (ABS) brakes?

4. The Answer is:
Example of an auto
maintenance expense.

5. The Question is:
What is tires, oil change, car
washing?

6. The Answer is:
The most common type of auto financing.

7. The Question is:
What is dealership financing?

8. The Answer is:
A disadvantage of auto leasing.

9. The Question is:
What is not owning the car at the
end of the lease, the need to keep
car in good condition, various lease
expenses, and mileage limits?

10. The Answer is:
Part of auto insurance policy that
covers legal obligations to others.

11. The Question is:
What is liability coverage?

12. The Answer is:
Interest earned on both principal and
interest from previous periods.

13. The Question is:
What is compound
interest?

14. The Answer is:
Formula used to estimate how long it
takes for savings to double.

15. The Question is:
What is “The Rule of 72”?

16. The Answer is:
The time that it takes a sum of
money to double at 6% interest.

17. The Question is:
What is 12 years?

18. The Answer is:
The interest rate that it takes to double
money in 8 years.

19. The Question is:
What is a 9% interest rate?

20. The Answer is:
A good reason for saving money

21. The Question is:
What is having money for unexpected
expenses, to stay out of debt, to reach
financial goals, and for peace of mind ?

22. The Answer is:
The cost of using someone else’s money.

23. The Question is:
What is interest?

24. The Answer is:
Type of credit that allows borrowers
to repay as much or as little as they
want as long as they make the
minimum payment.

25. The Question is:
What is revolving credit?

26. The Answer is:
Cash or property pledged by a
borrower to secure a loan.

27. The Question is:
What is collateral?

28. The Answer is:
Name of one of the three
major national credit bureaus.

29. The Question is:
What is Equifax, Experian,
and Trans Union?

30. The Answer is:
Fee charged for taking a cash
loan from a credit card.

31. The Question is:
What is a cash advance fee (e.g., 3%
of the amount borrowed)?

32. The Answer is:
The stealing of a victim’s personal
information to commit a crime.

33. The Question is:
What is identity theft?

34. The Answer is:
A way that a victim’s personal
information can be stolen.

35. The Question is:
What is stealing wallets, stealing mail,
“dumpster diving,” posing fraudulently
to gain info, stealing work records, and
using info at home and on the Internet ?

36. The Answer is:
A way to reduce the risk of having
personal information stolen.

37. The Question is:
What is destroy documents with sensitive
information, avoid giving out SS #, guard
mail from theft, not carrying lots of ID, be
cautious with personal info at home & work?

38. The Answer
is:
Frequently stolen identification number
that is often used as an ID number and
should not be carried around.

39. The Question is:
What is a Social Security
number?

40. The Answer is:
Inexpensive home office
appliance that can reduce the
risk of identity theft.

41. The Question is:
What is a shredder?

42. The Answer is:
High cost loans that are deceptively
marketed to vulnerable populations.

43. The Question is:
What are predatory loans?

44. The Answer is:
Expensive type of loan where borrowers
pay a fee to cash a postdated check.

45. The Question is:
What is a payday loan?

46. The Answer is:
Expensive purchase method where people
rent new or used items, usually for 78
weeks, and pay several times the retail cost.

47. The Question is:
What is a rent-to-own plan?

48. The Answer is:
Place where people can get
immediate cash by turning over
items such as jewelry and watches
to hold as security for a loan.

49. The Question is:
What is a pawnshop?

50. The Answer is:
Place that people can contact to check on the
reputation of a particular lender.

51. The Question is:
What is the Better Business
Bureau or a state or local
consumer protection agency?