Understanding and applying financial concepts to everyday life isn’t easy. It takes practice. That’s why we made this financial literacy test. In it we cover a range of topics – from savings and lending, to credit and investing. Test your knowledge and learn something new, or pat yourself on the back for answering these correctly.
a. Auto loan repayment term
b. Interest rate on your mortgage
c. Student loan principal
d. Credit score
e. None of the above
a. Annual Percentage Rate
b. Annualized Price Rate
c. Average Percentage Ratio
a. A bull market is when stock prices are rising or expected to rise; a bear market is when stock prices are falling or expected to fall.
b. A bear market is when stock prices are rising or expected to rise; a bull market is when stock prices are falling or expected to fall.
a. More than it was a year ago
b. Less than it was a year ago
c. Worth the same
a. A loan you give to an entity, like a municipality or government, with a promised rate and term of repayment
b. An organization of investors run by a company that pools investments to invest in large-scale real estate ventures
c. An investment managed by professionals in a portfolio shared by other investors
d. A short-term debt obligation backed by the Treasury Department of the U.S. government with a maturity of less than one year
a. The total amount of credit you carry
b. Student loans
c. Your history of ‘on-time’ payments
d. The number of credit card applications you’ve filled out in the last year
e. All of the above
f. None of the above
a. Customer Percentage Interest
b. Consumer Price Index
c. Client Price Indicator
a. Interest rates
c. Gross domestic product
d. Number of new entrants into the stock market
e. The average cost of an investment into the stock market
This article is for informational purposes only and is not a substitute for individualized professional advice. Individuals should consult their own tax advisor for matters specific to their own taxes and nothing communicated to you herein should be considered tax advice. This article was prepared by and approved by Marcus by Goldman Sachs, but does not reflect the institutional opinions of Goldman Sachs Bank USA, Goldman Sachs Group, Inc. or any of their affiliates, subsidiaries or division. Goldman Sachs Bank USA does not provide any financial, economic, legal, accounting, tax or other recommendation in this article. Information and opinions expressed in this article are as of the date of this material only and subject to change without notice. Information contained in this article does not constitute the provision of investment advice by Goldman Sachs Bank USA or any its affiliates. Neither Goldman Sachs Bank USA nor any of its affiliates makes any representations or warranties, express or implied, as to the accuracy or completeness of the statements or any information contained in this document and any liability therefore is expressly disclaimed.