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Financial Trivia: Test Your Knowledge!

Ready to test your financial knowledge?

Who doesn’t love a good trivia night with friends and family? Maybe you’re an expert on movie quotes, a history buff, proficient in world geography, or an encyclopedia of music lyrics. But have you ever tried financial trivia?

Get ready to challenge your knowledge with these financial trivia questions and maybe even learn something new along the way! From saving money to the average credit score, we’ll dive into different money topics that are sure to put your brain to the test.

What is the average price of a new vehicle?

  1. $35,000
  2. $72,000
  3. $51,000
  4. $48,000

The answer is $48,000. With car prices so high, it's important to ensure you're getting the most value for your money. Choose a vehicle that meets your essential requirements without unnecessary features that can inflate the price. Consider both new and used vehicles that fit your needs. High interest rates mean that the overall cost of financing is higher, so it’s more important than ever to research your financing options thoroughly before going to the dealership.

What percentage of Americans say they don’t have an emergency fund?

  1. 22%
  2. 10%
  3. 85%
  4. 31%

The answer is 22%. The key to building an emergency fund is consistency. Even if you can only save a few dollars a month, the act of saving regularly will help you create a safety net for the future. Open a separate savings account for your emergency fund. Keeping it separate from your checking account or regular savings account can help you categorize the money for its true purpose. If it’s in a separate account, you prevent yourself from accidentally dipping into it for non-emergencies!

What percentage of people are stressed out about finances?

  1. 52%
  2. 85%
  3. 46%
  4. 78%

The answer is 85%. One way to manage your financial stress is to take stock of where your money is coming from and where it’s going. A lot of stress can come from not knowing where you stand. Start by making a list of your income and expenses. Include things like rent or mortgage payments, subscriptions, utilities, groceries, and debt payments. From there, our free budgeting tool, Money Management, can help you keep your financial plan organized.

What is the average credit score in the United States?

  1. 632
  2. 677
  3. 711
  4. 745

The answer is 711. Your credit score is an important part of your financial life. It can determine a variety of things, like whether you get approved for a loan, or what the interest rate will be on your credit card. If you’re aiming to improve your credit score, it’s important to know and understand the different pieces that factor into it.

What percentage of Americans prefer to bank digitally versus in-person?

  1. 53%
  2. 78%
  3. 67%
  4. 84%

The answer is 78%. Times have changed and now there’s more of a demand for people to bank when it’s convenient for them. At Clearview, you can use our online banking on your computer or our mobile banking app with your smart phone or tablet. But our digital banking experience doesn't stop with online and mobile banking. We have even more features that help you manage your finances wherever you are, like Claire, our digital assistant, Clearview Live® video banking, mobile wallet integration, and more.

What is the average home price in the United States?

  1. $416,100
  2. $329,000
  3. $502,900
  4. $469,500

The answer is $416,100. If there’s one thing we can all agree on when it comes to the home buying journey, is that it’s expensive! Buying a house is also a complex purchase. It can be overwhelming to try and figure out where to start and what to know in order to make good decisions. Our Guide to Mortgages can help you learn important steps like figuring out how much you can afford, what type of loan might suit your situation, how much to save for a down payment, and more! 

We hope these financial trivia questions have piqued your curiosity, gave you new perspective, and maybe even educated you on how Clearview can help you reach your money goals. Want to test yourself even more? Zogo is a gamified financial literacy app that rewards you for completing modules, taking interactive quizzes, and participating in daily trivia games.

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