Here is a Financial Literacy Quiz with results that have been found to correlate with wealth. One can take the quiz and have it scored at
http://www.usfinancialcapability.org/quiz.php and also read about research employing the quiz. I wonder where a more advanced quiz can be found. A good site for savers and investors is
Bogleheads.
Suppose you have $100 in a savings account earning 2 percent interest a year. After five years, how much would you have?
(A) More than $102
(B) Exactly $102
(C) Less than $102
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?
(A) More
(B) Same
(C) Less
If interest rates rise, what will typically happen to bond prices? Rise, fall, stay the same, or is there no relationship?
(A) Rise
(B) Fall
(C) Stay the Same
(D) No Relationship
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.
(A) True
(B) False
Buying a single company's stock usually provides a safer return than a stock mutual fund.
(A) True
(B) False
