Personal Finance Quiz – Test Your Knowledge

Here’s a short personal finance quiz or trivia that tests your knowledge of a few areas including credits, investments, inflation and insurance.

The questions are not country-specific, so it does not matter whether you’re in Canada or anywhere in the world.

There are just 10 questions. You should be done in a minute or so.

But feel free to take as much time as you’d like.

And to add some fun to it, I’ll be giving out Amazon Gift Cards worth $50 each to 3 lucky people that try out the quiz in June 2021.

Personal Finance Trivia Quiz

Test your understanding of some basic personal finance concepts and skills. Let's see if you can get all 10 questions correctly.

Take Quiz

Personal Finance Trivia Quiz

Test your understanding of some basic personal finance concepts and skills. Let's see if you can get all 10 questions correctly.

Take Quiz

The ideal investment for you will consider the following except your:*

Investment time horizon

Risk Tolerance

Financial goals

Age

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If each of the following persons had the same amount of take home pay, who would need the greatest amount of life insurance?*

A young single woman with two young children

A young single woman without children

An elderly retired man, with a wife who is also retired

A young married man without children

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What can affect the amount of interest that you would pay on a loan?*

Your credit rating

How much you borrow

How long you take to repay the loan

All of the above

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Sally has a high-risk tolerance and wants to save $5,000 for a vacation in 9 months. Where is the best place to invest the money?*

Mutual funds

Balanced stock portfolio

High interest savings account

Cryptocurrencies

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How many months worth of living expenses should you have saved for emergencies?*

One month

Three to six months

Six to nine months

It depends

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If the interest rate on your savings account is 2% and the inflation rate is 3% per year. After one year, how much would you be able to buy with the money in the account?*

Same as today

Less than today

More than today

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Which of the following will hurt your credit score?*

Making late payments on loans and debts

Using your credit card frequently for purchases

Not paying off your entire balance

Living in the same location too long

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Everyone needs a life insurance policy*

True

False

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Rahul is considering investing in two funds: Fund A has a management fee of 0.5%, while Fund B has a fee of 1%. Which of the two is the better investment?*

Fund A

Fund B

It depends on other factors

Next →

What are capital gains?*

Increase in your net worth over a year

Profits on the sale of an investment

Interest received on investments

Income earned in a year

Next

The ideal investment for you will consider the following except your:*

Investment time horizon

Risk Tolerance

Financial goals

Age

Next →

If each of the following persons had the same amount of take home pay, who would need the greatest amount of life insurance?*

A young single woman with two young children

A young single woman without children

An elderly retired man, with a wife who is also retired

A young married man without children

Next →

What can affect the amount of interest that you would pay on a loan?*

Your credit rating

How much you borrow

How long you take to repay the loan

All of the above

Next →

Sally has a high-risk tolerance and wants to save $5,000 for a vacation in 9 months. Where is the best place to invest the money?*

Mutual funds

Balanced stock portfolio

High interest savings account

Cryptocurrencies

Next →

How many months worth of living expenses should you have saved for emergencies?*

One month

Three to six months

Six to nine months

It depends

Next →

If the interest rate on your savings account is 2% and the inflation rate is 3% per year. After one year, how much would you be able to buy with the money in the account?*

Same as today

Less than today

More than today

Next →

Which of the following will hurt your credit score?*

Making late payments on loans and debts

Using your credit card frequently for purchases

Not paying off your entire balance

Living in the same location too long

Next →

Everyone needs a life insurance policy*

True

False

Next →

Raul is considering investing in two funds: Fund A has a management fee of 0.5%, while Fund B has a fee of 1%. Which of the two is the better investment?*

Fund A

Fund B

It depends on other factors

Next →

What are capital gains?*

Increase in your net worth over a year

Profits on the sale of an investment

Interest received on investments

Income earned in a year

Send

Total Correct

0/0

Next

Total Correct

0/0

Go to the next step for a chance to win 1 of 3 Amazon Gift Cards

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