ANSWERS TO THE QUIZ
A potpourri of practical ideas to help you become a better steward.
8. A. (The Week, May 2012)
October 2014 Volume 19, Issue 10
15. C. (Time, November 14, 2011)
7. A. If you chose d, that is the 13. C. (The Week, April 12, 2013) amount of foreign currency left at 14. B. (U. S. Department of AgriTSA (The Week, December 13, culture study 2011) 2013)
ANNUAL FINANCIAL QUIZ By Gordon Botting, DrPH, CHES, CFC In the past, our annual financial quiz had been on subjects like debt or Social Security. This year it is a kaleidoscope of a variety of subjects from college loans to federal tax revenue, from generational attitudes to vacations, and so forth. I hope that you will have fun not only in taking this quiz but in discussing the different answers with your family and friends. 1. What will the average American college graduate repay in school loans in 2014? A. $10,000
A. 32%
B. $33,000
B. 22%
C. $46,000
C. 16%
D. $53,000
D. 10%
6. A. (Time, September 16, 2013) 5. D. Millennials aged 18-29 (Bankrate.com 2014) 4. C. (Money Magazine, July 2014, p. 21) 3. D. Compared to 32 percent in 1952 (The Week, August 8, 2014, p. 31) 2. D. In 2011 debt collectors retrieved $55 billion (Sacramento Bee, August 3, 2014) 1. B. The cost of a luxury vehicle (AFA Journal, July/August 2014, p. 6)
12. B. Undelivered refund checks averaged $1,471 in 2011. (BottomLine Personal, May 15, 2011) 11. A. College (b. health care costs c. housing d. wages) (The Week, April 18, 2014) 10. C. The average income of 99% of Americans is $55,000. If you are in the world’s 1% you have to only have earned $34,000 last year. (Time, October 31, 2011) 9. B. Those who could not come up with $2,000 in 30 days. (Time, June 20, 2011)
2. What percentage of Americans has past-due debt? A. 10% B. 18% C. 27% D. 33% Distributed by: General Conference Stewardship Ministries Director: Erika F. Puni Produced by: Pacific Union Conference Stewardship Department Director: Gordon Botting Design/Assistant Editor: Maricel Felarca
3. What percentage of federal tax revenue comes from American corporations?
4. What percentage of vacationers indicated that they would drive rather than fly for their 2014 annual holiday? A. 22% B. 33% C. 44%
Stewardship is a total lifestyle. It involves our health, time, talents, environment, relationships, spirituality, and finances.