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. Articles on this site were commissioned and approved by Marcus by Goldman Sachs®, but may not reflect the institutional opinions of The Goldman Sachs Group, Inc., Goldman Sachs Bank USA or any of their affiliates, subsidiaries or divisions.