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1. Youth aging out of care who are living independently may receive which of the following, making money management knowledge important?
A. Their own foster care payments.
B. A housing subsidy.
C. Educational supports.
D. All of the above.
2. According to the legislation, evaluations must assess programs’ effects on all of the following, except:
A. Asset building
B. Employment
C. Education
D. Personal development
3. Many youth in foster care lack the financial skills required for independence and have reduced financial capability for which of the following reasons?
A. Lack of financial support from family.
B. Lack of savings.
C. Less exposure to financial stability and healthy financial behaviors.
D. All of the above.
4. Financial education courses ideally incorporate all of the following, except:
A. Content that is timely and relevant to the specific program participants.
B. Participant-appropriate delivery methods.
C. Childcare for those youth who have small children.
D. Accessibility and cultural sensitivity.
5. In contrast to asset-building programs, financial literacy programs directly help participants accumulate wealth or assets, often through matching deposits for savers’ contributions to an account.
A. True
B. False
6. IDA programs targeted to youth often allow matches on withdrawals for all of the following purposes, except for:
A. Computers
B. Food
C. Rent
D. Vehicles
7. In addition to the matched savings component, IDA programs typically require financial education classes.
A. True
B. False
8. Research has shown that “just-in-time” programs are more effective than those that are offered long before the financial decisions they are intended to change.
A. True
B. False
9. It is possible that programs can better serve youth by focusing on all of the following, except:
A. Increasing their financial knowledge.
B. Amassing large savings and assets.
C. Improving financial habits.
D. Raising credit scores.
10. There is a growing consensus that asset-building and financial literacy programs are important components in supporting the financial stability and well-being of vulnerable populations, including youth transitioning out of foster care.
A. True
B. False
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