Quiz: How Money Smart Are You?
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Just because you’ve graduated college and secured a job doesn’t mean the learning is over. In fact, getting a foothold in the real world can make you realize how much you don’t know: Suddenly, you have to start saving for the future, while paying off student loan debt and sticking to a budget to ensure your paychecks stretch throughout the month.

Managing these responsibilities requires knowledge.

But if you don’t feel equipped to handle them, you’re not alone. A PwC survey uncovered that only 12 percent of K-12 teachers address personal finance topics at school, and 65 percent say most students don’t receive financial guidance at home, either.

Fortunately, if you didn’t learn how to manage your money at school or home, you can teach yourself. But first, you need to know where you stand—and our financial literacy quiz can help you find out.

Editor’s note: This quiz has been updated to correct the fourth answer in #4 to 403(b) instead of 503(b).

Click the button below to begin.


  • We're Impressed

    Congratulations! You aced this quiz. Continue learning and take measured steps to put your financial knowledge to work. Knowing the right answers is just half the battle—financial success comes from putting that knowledge into action.

  • Not Too Shabby

    You understand some important financial concepts and are well on your way to strong financial literacy. You're making progress but still have some learning to do. Keep seeking reliable information about how to manage money effectively and build wealth, and put y our knowledge into practice. You'll thank yourself later.

  • You Could Use Some Practice

    Okay, so maybe financial concepts aren't your strong suits—yet. But you've come to the right place to learn more about how to manage money and grow your wealth.

    Keep reading, and pay attention to where your money's going. As you learn more about saving, budgeting, investing and building wealth, start putting the principles into practice. You may be surprised how quickly you can build confidence—and net worth.

  1. 1. Which of the following is NOT a function of the U.S. Federal Reserve:

  2. 2. How are variable credit card rates determined?

  3. 3. When do variable interest rates on credit cards change?

  4. 4. Which of these is NOT a retirement account?

  5. 5. Which of the following is NOT true about ETFs?

  6. 6. Which of the following factors does not affect your credit score?

  7. 7. Which of these things is not necessary to help you build credit?

  8. 8. If you have multiple credit card balances, the best way to tackle them is:

  9. 9. To be prepared for retirement, you should:

  10. 10. If you're 30 years old, what percentage of your investment portfolio should include stocks, and what percentage should include bonds, based on traditional guidelines?

  11. 11. How much do experts generally recommend setting aside in an emergency fund?

  12. 12. How should you respond to stock market volatility?

  13. 13. If your savings account has an annual interest rate of 1 percent and you have $100 in the account without making any deposits or withdrawals, how much money will you have in the account in five years?