1. Most young people will earn over a million dollars in their lifetime.

a. True b. False

2. In five years, spending by American teenagers has jumped from $122 billion a year to:

a. $170,000 billion b. $160,000 billion c. $150,000 billion d. $140,000 billion

3. Recently it was reported that American teens have earned over $170,000 billion with part-time jobs. What are they spending the most of the money on?

a. Entertainment b. Food c. Clothes d. Transportation Savings

4. Most Americans save what percentage of their income?

a. 20% b. 15% c. 10% d. Less than 5%

5. The piggy bank got its name from:

a. Bank that had the initials P.I.G. b. A pig animal c. A reddish type of clay d. A women that raised pigs and had a lot of money

6. Children should learn how to plan for financial success by setting goals.

a. True b. False

7. What is a good activity to teach elementary aged chidren about money?

a. Give them your checking account to manage for a week. b. Let them charge toys on your credit card. c. Let children earn money for specific jobs around the home and above regular chores. d. None of the above

8. Your high school teenager is interested in getting a credit card. You think that in the future he may need to use credit for large purchases such as a car or education. What will the lender look at to determine whether or not to loan your son the money?

a. His Character b. His Capacity c. His Collateral d. All of the above