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Test your Personal Finance Knowledge!

Personal Finance Knowledge Quiz

Take this quiz to see how knowledgable you are about personal finance!

1 / 10

What is a unique benefit of a Roth IRA compared to a Traditional IRA?

2 / 10

 Which of the following FICO scores is considered "good" credit?

3 / 10

If you have a $1,000 deductible on your health insurance policy and you incur medical bills of $5,000, how much will you pay out of pocket?

4 / 10

What is a capital gains tax?

5 / 10

If your employer offers a 50% match on your 401k contributions up to 6% of your salary, how much would they contribute if you earn $60,000 and you contribute 5%?

6 / 10

Why is diversification recommended in investing?

7 / 10

Which type of loan generally has a lower interest rate?

8 / 10

If inflation is 3% annually, and you have $1000 saved, how much purchasing power will you have in one year, assuming no interest is earned?

9 / 10

To maintain a healthy credit score, what is the maximum percentage of your credit limit that financial experts recommend you use on each credit card?

10 / 10

If you invest $2,000 at an interest rate of 5% compounded annually, approximately how much will you have after 10 years?

Your score is

The average score is 80%

0%

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