take the financial literacy quiz

[OverVolt]

33.3% lol

reading that stuff makes my head hurt.

Don't feel bad I bet like 10 people got around that and decided not to post :awe:

I'm surprised at the people who knew stuff about mutual funds but not selling short.

 

[datalink7]

9/15.

 

[lykaon78]

I work in the financial services industry so I'd better get this:

You scored 100% on this test.
You answered 15 of 15 questions correctly.

 

[kranky]

Quite impressed with the scores people got here. Some questions had terminology that is not very common outside of the financial world.

I did get 15/15 but was unhappy about how #7 was phrased. I do think if that same question was on a test for experienced financial pros, the opposite answer would be considered correct. But on a quiz aimed at the general public, I can see what they were driving at.

 

[Craig234]

14/15, I didn't know about the definition of mutual fund 'classes' so it was between types of investments and fees.

 

[ViRGE]

15/15, though I had to stop and mull over the mutual fund questions for a minute or two before the answers came to me.

Though I'm surprised so many people are having trouble with #7.

 

[drum]

I probably shouldn't even bother with this

 

[OverVolt]

Quite impressed with the scores people got here. Some questions had terminology that is not very common outside of the financial world.

I did get 15/15 but was unhappy about how #7 was phrased. I do think if that same question was on a test for experienced financial pros, the opposite answer would be considered correct. But on a quiz aimed at the general public, I can see what they were driving at.

Ya me too, I was like 12/15 RAWR aw damn how did people know the mutual fund questions?

The one about mutual fund classes seemed aimed at people near the top of the tax bracket. Maybe its true everyone on ATOT makes $100k/yr :awe:

 

[darkxshade]

14/15

Got number 4 wrong

 

[OverVolt]

14/15

Got number 4 wrong

I read it as "If the Fed is buying a whole bunch of bonds with free money to lower the interest rate, does this make the price of bonds go up or down?"

makes it easier IMO.

 

[nickbits]

13/15. One question I read wrong and the other I wasn't sure. (Different classes for mutual funds).

 

[ultimatebob]

15 out of 15, baby! Yeah!

My business degree was finally useful for something

 

[MomentsofSanity]

15/15 but being a broker helped a wee bit.

 

[D1gger]

14/15. I also over-thought #7.

 

[thestrangebrew1]

7/15. Good thing I don't invest.

 

[rasczak]

7/15. Good thing I don't invest.

same here.

 

[JTsyo]

14/15, got #6 wrong. I did guess on a few, having slight idea on the subject.

 

[Vdubchaos]

More of a Investment Financial literacy quiz.......

 

[darkewaffle]

10/15

Had never heard of a few of those things lol, neat test though.

 

[Tobolo]

9/15. Not bad for a a poor boy.

 

[yuchai]

14/15. Did not know about the different mutual funds classes.

 

[Maximilian]

4/15

Would probably have helped if i knew what a bond was :|

 

[pontifex]

You scored 6.7% on this test.
You answered 1 of 15 questions correctly.


I think all but 2 I answered don't know/unsure

the only 1 I got right was the 1st one

 

[clamum]

10/15

I missed 4, 6, 12, 14, and 15. I also know very little beyond the very basics about financial stuff.

 

[KIAman]

15/15 although question #7 needs to clarify "riskier" means. I correctly interpreted the question as high risk investments generally tend to pay off more than low risk investments over the long term.

Although if this question was interpreted as "If there are 2 risky investments but one of them is slightly higher risk than the other, etc." I would have answered the other way around.