Test Your Financial Literacy: Results

1. Which type of automobile insurance would cover damage to your own car, assuming that you have caused an accident?
   D. Collision
   
   
2. Which of the following is a good way to improve your credit scores?
   C. Pay all bills on time
   
   
3. Negative amortization is best described as:
   D. Ability to owe more than originally borrowed
   
   
4. APR is known as:
   C. Annual Percentage Rate
   
   
5. A credit card contract can do which of the following:
   D. All of the above