Money basics quiz

Six questions on interest, inflation, budgeting and credit, with plain-English explanations and a result that suggests what to learn next.

About 3 min to complete. finance, literacy, scored.

Questions in this template

You have $100 earning 2% a year. After a year, with inflation at 3%, you can buy...
What does compound interest mean?
Which is usually the best first step with any extra money?
A credit card charges 22% a year. A savings account pays 3%. If you have both savings and card debt, you should...
Spreading investments across many assets is called...
A simple budget rule splits take-home pay into needs, wants and saving. A common split is...

Six questions on the basics. Every answer comes with a short explanation.

Takes about 2 minutes