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Financial Literacy Quiz

Are You Smarter Than a 12th Grader?

The Jump$tart Coalition for Personal Financial Literacy tests 12th graders' money knowledge every couple years, and the average score is typically about 52 percent. US News & World Report shared some sample questions from the last survey done in 2006 and I've reproduced them here for you to test your knowledge — are you smarter than a 12th grader?


Are You Smarter Than a 12th Grader?

Matt and Eric have good credit history. They work at the same company and make approximately the same salary. Matt has borrowed $6,000 to take a foreign vacation. Eric has borrowed $6,000 to buy a car. Who will pay a lower finance charge?

Join The Conversation
jhasgd jhasgd 5 years
falalalalalalalallalalala i hate this quiz it wont tell me my score
jhasgd jhasgd 5 years
you're cool
tralala2 tralala2 9 years
hmmm... statistically the last question might be "stocks," but it seems to me and everyone i know, that the stocks invested in their children's education for 18 years never ever paid up. (myself included...)
saritabonita saritabonita 9 years
ajajaja i got ONE right. yay me, i guess
redheath redheath 9 years
Woo-hoo! 100% YEAH!
allthingsgrow allthingsgrow 9 years
I was in 12th grade last year and they didn't teach me ANY of this. But I got half right!
Princess-Peach Princess-Peach 9 years
1/6 :( I'm French ^^
CoralAmber CoralAmber 9 years
I never learned any of this in school either, but it should be required!
hotstuff hotstuff 9 years
Yeah, my opinion is since when did they start teaching this in school? I think they should but they tend to leave out the important everyday successful life strategies in school.
javsmav javsmav 9 years
6/6. I know these answers now, but I don't think I knew them in 12th grade.
liciababe liciababe 9 years
i have never been taught any of this esp not in school, i don't know that i agree with the stock question, my grandmother put money into the market for me since i was born for college and at one point i would have come out really good but by the time i went to college (a few years ago) it was slightly better than comming out even
poizenisxkandee poizenisxkandee 9 years
well i am a 12th grader; and did better than average; though i still missed 2.
TidalWave TidalWave 9 years
lol 1/6. no wonder i'm broke
cubadog cubadog 9 years
Yes, Sammi that is a very good excuse!
Sammi_784 Sammi_784 9 years
hmm... 3/6 i'm from the uk, is that a good excuse? ^_^
tiff58 tiff58 9 years
5/6...I changed my answer on the one that I got wrong from the right answer to the wrong answer.
Wyn Wyn 9 years
5/6 and I'm Canadian
hkdkat hkdkat 9 years
4/6 not too bad!
brookrene brookrene 9 years
I was never taught ANY of this in 12th grade. So i say I am smarter than a 12th grader even though i missed a few. ;)
cubadog cubadog 9 years
Wow, I am smarter than I thought. I really wish I was this good with my money.
SkinnyMarie SkinnyMarie 9 years
whoa I only got 1 wrong! That made me remember why I hated tests in highschool. they are soo wordy that I get the possible answers mixed up. :p
mini_pixie mini_pixie 9 years
6/6! w00t. but then again, i'm soooo not in 12th grade any more ; )
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