FINRA: A basic personal finance / money management quiz
Take this financial literacy quiz.
It is only 5 questions and took me less than a minute to read and click all of the 5 answers.
(By the way….PF Bloggers, I’m holding you all to receive 5/5 or a 100% score.)
…then come back and report! 🙂
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20 Comments
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Tammy R
4/5. Let’s hope CJ didn’t miss the same one. Perhaps we can put our two heads together for a perfect score.
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cj
4/5 since I did not know the relationship between bonds and interest rates. Not too shabby for a classical guitarist goof. That was fun! Thanks M.
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Blair@LifeDollarsandSense
Great qui!. I have a feeling a there are a number of people in society who would not fully understand those concepts, which is not good. Or perhaps it is just my 22-28 year old peers (who are not accounting nerds like myself) that i’m thinking of.
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saverspender @ save. spend. splurge.
@Blair@LifeDollarsandSense: If they don’t get them, they should start learning… it’s a good wakeup call.
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Mrs. Pop @ Planting Our Pennies
PT tweeted about this last week, so I took it then and got 5/5, but really… I’m just not sure most people understand the difference between bond yields and bond prices to get the nuance on that question. Or even if they really have to if they’re just investing in bond index funds. But I digress…
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saverspender @ save. spend. splurge.
@Mrs. Pop @ Planting Our Pennies: True, but even so 🙂 I think it was a trick question thrown in there.
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maz
Oops, got the bond one wrong. I know I know, I SHOULD have known the answer
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matthewchat
5 of 5. Go me!
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Daisy @ Add Vodka
Woop! I got 5!