Investing IQ Quiz

What is your Investing IQ? Take our quiz to see where you know your stuff – and where you need to improve!

Welcome to your financialliteracyiqquiz

1 of 29) Which of the following portfolios would be considered the most “Diversified”?

2 of 29) What does “EPS” stand for when investing?

3 of 29) When interest rates fall, what typically happens to stock prices?

4 of 29) Which of the following best describes a mutual fund?

5 of 29) When a company sells a bond to an investor, the investor is buying…

6 of 29) Which of the following actions is likely to make your credit score go down?

7 of 29) True or False: People with healthy personal finances never use a credit card

8 of 29) Starting with a $0 credit card balance, spend $500 in the middle of the month, then pay off your full balance during your “grace period” after your bill is issued, how much interest will you need to pay?

9 of 29) Is a credit card a Secured or Unsecured type of credit?

10 of 29) Which of the following types of loans typically has the lowest interest rate?

11 of 29) “Pay Yourself First” means…

12 of 29) If you are short on cash to pay bills before your payday, which of the following is the best option to maintain healthy personal finances?

13 of 29) If a person uses money from their Emergency Fund, how should it be replenished?

14 of 29) If you save $100 in a savings account that pays a 10% annual interest rate, how much will be in your savings account after 2 years?

15 of 29) How do most employees pay their federal income tax?

16 of 29) On a scale from 1 to 5 (with 1 being lowest and 5 being highest), please rate how "Financially Literate" you consider yourself to be today

17 of 29) After how long does an unpaid debt get removed from your credit report?

18 of 29) When you get a mortgage on a house, how much money are you borrowing?

19 or 29) Which of the following statements about tax deductions and tax credits is true?

20 of 29) If you are a full-time employee, which form would you get from your employer showing how much income you earned in a year?

21 of 29) Which of the following is NOT covered under the long-term care insurance?

22 of 29) If you rear-end someone in a traffic accident, which type of insurance would pay for the damage to the other person's car?

23 of 29) Coinsurance is….

24 of 29) How are the prices of stocks determined?

25 of 29) How does a dividend investment strategy work?

26 of 29) Which of the below are risk averse investors most likely to invest in?

27 of 29) Which of the following donations is NOT deductible on your tax return?

28 of 29) Imagine you have a savings account with a 5% interest rate, and you deposit $100. After 2 years, your balance will be…

29 of 29) Which of the following would NOT be included in a personal financial plan?