You’ve probably heard that high school seniors aren’t doing too well in their knowledge of personal finance with high school seniors scoring just over 50% of the answers correctly (52.4%) on the latest Jump$tart Financial Literacy test. To be fair, however, you should give yourself the test and see how you do, too. So grab a pencil and paper, sit down and take the same test the students recently took and see how well you score (for those who don’t want to take it with pencil and paper, you can take it on your computer):
1. If you have caused an accident, which type of automobile insurance would cover damage to your own car?