Take this quiz mentioned in Julie Jason's column. The quiz is replicated from a longitudinal study conducted by FINRA Investor Education Foundation (FINRA Foundation) together with the University of Southern California’s Center for Economic and Social Research, and The George Washington University’s Global Financial Literacy Excellence Center.

You will get your score when you complete the quiz. Your results will help you assess your level of financial literacy concepts, discussed in Julie Jason's November 2020 column on the "Big Five."

Questions 1-5: the "Big Five" financial literacy questions
Questions 6-8: demographic questions

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* 1. Suppose you had $100 in a savings account and the interest rate was 2% per year. After 5 years, how much do you think you would have in the account if you left the money to grow?

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* 2. Imagine that the interest rate on your savings account was 1% per year and inflation was 2% per year. After 1 year, how much would you be able to buy with the money in this account?

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

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* 4. 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.

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* 5. Buying a single company’s stock usually provides a safer return than a stock mutual fund.

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* 6. What is your gender?

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* 7. Would you like to receive Julie Jason's monthly newsletter?

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* 8. Please provide your contact information.

0 of 8 answered
 

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