Mahogany Money Financial Literacy Quiz
How financially literate are you?

Take this quick Financial Literacy Quiz to find out just how money savvy you truly are.
Sign in to Google to save your progress. Learn more
Name *
Email *
Quiz Questions
Each correct answer is worth 10 points
Suppose you have $100 in a savings account earning 2 percent interest a year. After five years, how much would you have? *
10 points
True or false: A 15-year mortgage typically requires higher monthly payments than a 30-year mortgage but the total interest over the life of the loan will be less. *
10 points
Imagine that the interest rate on your savings account is 1 percent a year and inflation is 2 percent a year. After one year, would the money in the account buy more than it does today, exactly the same or less than today? *
10 points
Suppose you owe $5,000 on a loan and the interest rate you are charged is 20% per year compounded annually. If you didn't pay anything off, at this interest rate, how many years would it take for the amount you owe to double? *
10 points
Suppose you have some money. Is it safer to put your money into one business or investment, or to put your money into multiple businesses or investments?
10 points
Clear selection
Suppose over the next 10 years the prices of the things you buy purchase. If your income also doubles, will you be able to purchase less than you can purchase today, the same as you can purchase today, or more than you can purchase today?
10 points
Clear selection
Suppose you put money in the bank for two years and the bank agrees to add 15 percent per year to your account. Will the bank add more money to your account the second year than it did the first year, or will it add the same amount of money both years?
10 points
Clear selection
Suppose you had 100 US dollars in a savings account and the bank adds 10 percent per year to the account. How much money would you have in the account after five years if you did not remove any money from the account?
10 points
Clear selection
If inflation is at 2%, in what option below are you most likely to lose 2% purchasing power?
10 points
Clear selection
Which of the following categories influence your FICO score?
10 points
Clear selection
Submit
Clear form
Never submit passwords through Google Forms.
This content is neither created nor endorsed by Google. Report Abuse - Terms of Service - Privacy Policy
Google Forms