Quiz: Are You Financially Responsible?

The FINRA Investor Education Foundation uses this five-question quiz to help measure financial capability. How do your skills stack up?

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On Jul 11, 2016

1 / 5

Suppose you have $100 in a savings account earning 2 percent interest a year. After five years, how much would you have?

2 / 5

Imagine that the interest rate on your savings account is 1 percent a year and inflation is 2 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 / 5

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

4 / 5

True or false: 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 / 5

True or false: Buying a single company's stock usually provides a safer return than a stock mutual fund.

Questions left

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