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Old 03-25-2015, 03:49 PM   #1
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Financial Knowledge Test

Everyone here will get 100% on this 5 question test and it will make you feel good to max it.

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Old 03-25-2015, 03:52 PM   #2
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The scary thing is at the end it says that only 1 in 10 people who take it get 100%.
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Old 03-25-2015, 03:53 PM   #3
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Aw c'mon, give us a challenge. That one put me to sleep and I got them all right.
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Old 03-25-2015, 04:08 PM   #4
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That may be the first time in my life I got 100% on a test.
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Old 03-25-2015, 04:12 PM   #5
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The scary thing is at the end it says that only 1 in 10 people who take it get 100%.
that was my thought. sad
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Old 03-25-2015, 04:16 PM   #6
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Wow - I'm in the top 10 per cent !
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Old 03-25-2015, 04:24 PM   #7
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gradjeated in the top decile of my class

Actually was even somewhat happily surprised that the individual questions, except for the bonds vs. interest rates were around 2/3 correct by the masses, but wow, such a low percentage getting them all correct in the light of that erases a glimmer of hope.
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Old 03-25-2015, 04:29 PM   #8
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Wow - I'm in the top 10 per cent !
Are you in the top 10% because you post here or do you post here because you are in the top 10%?
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Old 03-25-2015, 05:24 PM   #9
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Another 10 percenter here! .....the top 10% that is
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Old 03-25-2015, 06:50 PM   #10
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I got 5 out of 5, too. But that wasn't until I first scored a zero because the dang questions did not appear LOL!
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Old 03-25-2015, 07:01 PM   #11
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Aw c'mon, give us a challenge. That one put me to sleep and I got them all right.
+1 Took less than a minute to take the test and that's because I was looking for a trick question. Pretty simple, must have been designed for kids in junior high school
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Old 03-25-2015, 07:12 PM   #12
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+1 Took less than a minute to take the test and that's because I was looking for a trick question. Pretty simple, must have been designed for kids in junior high school
It wasn't THAT easy. A couple years ago I wouldn't have know the answer to the question about bond values in relation to interest rates. I only found out about that from reading this forum. It's not something the average person would know unless they seek out financial information.
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Old 03-25-2015, 07:14 PM   #13
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The scary thing is at the end it says that only 1 in 10 people who take it get 100%.
+1 Especially because I know almost nothing in comparison to the folks here and I still made the top 10%.
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Old 03-25-2015, 07:15 PM   #14
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Are you in the top 10% because you post here or do you post here because you are in the top 10%?
Let me ponder that for a moment...

Was it I who was dreaming that I was a butterfly, or it was the butterfly who was dreaming to be me? (Zhuang Zhou)
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Old 03-25-2015, 07:28 PM   #15
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It wasn't THAT easy. A couple years ago I wouldn't have know the answer to the question about bond values in relation to interest rates. I only found out about that from reading this forum. It's not something the average person would know unless they seek out financial information.
I asked the DW to take the test (I know, very risky) She doesn't read this forum, invest in the market, balance the checkbook, etc and she got 100%. Now I'll admit, she said she guessed on the bond question.
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Old 03-25-2015, 07:38 PM   #16
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I asked the DW to take the test (I know, very risky) She doesn't read this forum, invest in the market, balance the checkbook, etc and she got 100%. Now I'll admit, she said she guessed on the bond question.
The bond question is the only one that should be difficult for the lay-person. The rest are just very basic math any adult should be able to do with ease.
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Old 03-25-2015, 08:06 PM   #17
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The bond question is the only one that should be difficult for the lay-person. The rest are just very basic math any adult should be able to do with ease.
Agreed - I wouldn't really expect someone to know the bond question unless they actually dug into the investment world.

It really didn't fit with the others.

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Old 03-26-2015, 06:45 AM   #18
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The bond question is the only one that should be difficult for the lay-person. The rest are just very basic math any adult should be able to do with ease.
+1 (or is +2 or +3 by now?)
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Old 03-26-2015, 07:08 AM   #19
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If the percentage of people that got each question right is accurate, I'm not so sure that replacing Social Security with individual retirement accounts is such a good idea.
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Old 03-26-2015, 07:11 AM   #20
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Or perhaps we just need more financial education. I'd bet that regular readers of Kiplinger's Personal Finance or Money magazine would ace that test.
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