Skip Nav
Budget Tips
30 Wedding Favors You Won't Believe Cost Under $1
Self Improvement
39 Powerful Quotes That Will Change the Way You Live and Think
Budget Tips
10 Things You Should Buy at Target

What Is Your Financial Literacy?

How Financially Literate Are You?

A recent ING survey found that most respondents have only basic knowledge of finance, meaning that even if they understand the simple rules of finance like emergency funds and saving for retirement, they find it hard to practice them. In fact, less than 60 percent even had a retirement plan. The survey also found that emotional health directly corresponded with financial literacy; the more knowledgeable about their finances people are the happier they feel. Do you think you are financially literate, or are you still learning? Take this FINRA Financial Quiz and test your knowledge.

Image Source: Thinkstock
1 of 5

If you have $100 in a savings account earning two percent interest a year, after five years, would you have more than $102, exactly $102, or less than $102?

2 of 5

Imagine that the interest rate on your savings account is one percent a year and inflation is two percent a year. After one year, would the money in the account buy more than it does today, exactly the same, or less than today?

3 of 5

If interest rates rise, what will typically happen to bond prices? Rise, fall, stay the same, or is there no relationship?

4 of 5

A 15-year mortgage typically requires higher monthly payments than a 30-year mortgage but the total interest over the life of the loan will be less.

5 of 5

Buying a single company's stock usually provides a safer return than a stock mutual fund.

Around The Web
Join The Conversation
amber512 amber512 5 years
I didn't know about the interest rate/bond connection.
One of Mark Cuban’s best ‘Shark Tank’ investments works only 5 hours a day
Reasons You Are Not Losing Weight
Credit Card Debt
Investing Versus Splurging
To Rent or to Buy?
Signs of Sensory Processing Disorder

POPSUGAR, the #1 independent media and technology company for women. Where more than 75 million women go for original, inspirational content that feeds their passions and interests.

From Our Partners
Latest Career & Money
X