financial literacy quiz

so it turns out most people cant get these 5 simple and frankly required concepts of living. i want to sample that claim outside of my circle. i added a poll to for honest scores, just in case people did not want to state how correct or wrong they are. please be honest in the poll, i dont really care about the comments.

article

quiz

i got them all right. it was pretty easy, i majored in finance though...and ive worked in a bank

to be fair im sure many people got at least 4 but i don't expect most people to know the relationship of bond prices relative to interest rates

Got 4, but I don't deal with bonds a lot.  If you can't get the first two, you are an idiot

Got 2 out of 5. 

How in the world did I beat the national average (I got 4)? I know nothing about this kind of stuff. :P

I'm happy with that score.
God bless,
Crushmaster.

4/5

The one about the stock/mutual funds got me..................

5/5

Pretty fresh right out of economics class...

got 4/5 never really heard of bonds much so I dunno about those..fl4tlined

5/5 I don't think the bond question is that important for people to know though.chessmaster1989

Finance is very far from the most interest field of economics to be fair.chessmaster1989

:P

Finance is very far from the most interest field of economics to be fair.chessmaster1989

5/5. My Dad di a lot of research in investing and passed along the knowledge. I should put it to use one day.

[QUOTE="chessmaster1989"]Finance is very far from the most interest field of economics to be fair.surrealnumber5

:P

[QUOTE="chessmaster1989"]I have to assume that the people who score poorly on this quiz aren't those well versed in macroeconomic theory.mattbbpl

I think game theory is important for people to learn, as it teaches you ways to screw people over.chessmaster1989

[spoiler] [/spoiler]

4 out of 5. I answered I don't know on the bond question. I can't recall learning that in my high school finance class, but the given answer makes sense.

4 out of 5. I answered I don't know on the bond question. I can't recall learning that in my high school finance class, but the given answer makes sense.

cgi15

4/5.

I should have known the stuff about bonds but i haven't studied or done much with fixed income

I got all 5 right. The bond price thing just required you to think a bit. My dad's really good at this stuff and I listen to Clark Howard a good amount.

4/5

The one about the stock/mutual funds got me..................

Chow_Mein_Kampf

4/5 b/c i dont know anything about bonds

I think game theory is important for people to learn, as it teaches you ways to screw people over.chessmaster1989

how interesting

i should look into this

5/5

Pretty fresh right out of economics class...

J-man45

[QUOTE="chessmaster1989"]I think game theory is important for people to learn, as it teaches you ways to screw people over.dude_brahmski

how interesting

i should look into this

[QUOTE="dude_brahmski"]

[QUOTE="chessmaster1989"]I think game theory is important for people to learn, as it teaches you ways to screw people over.surrealnumber5

how interesting

i should look into this

[QUOTE="J-man45"]

5/5

Pretty fresh right out of economics class...

wellbigd

I had macro for half a semester then micro for the second half.

[QUOTE="dude_brahmski"]

[QUOTE="chessmaster1989"]I think game theory is important for people to learn, as it teaches you ways to screw people over.surrealnumber5

how interesting

i should look into this

but it can still help me screw ppl over if only for personal satisfaction, right?

[QUOTE="surrealnumber5"]

[QUOTE="dude_brahmski"]

how interesting

i should look into this

dude_brahmski

but it can still help me screw ppl over if only for personal satisfaction, right?

[QUOTE="dude_brahmski"]

[QUOTE="surrealnumber5"] no, it is a way to optimize your chances at choosing the best outcomes. i am big into the theory, and i have made monumental errors but overall am doing really well. most of my time on the internet is avoidance, if you never play you can never win, and the more you play if played right the more you win. it is all a numbers game, the question is'when are you content?'. i am there .

surrealnumber5

but it can still help me screw ppl over if only for personal satisfaction, right?

i will take that as a yes

[QUOTE="wellbigd"][QUOTE="J-man45"]

5/5

Pretty fresh right out of economics class...

J-man45

I had macro for half a semester then micro for the second half.

[QUOTE="J-man45"]

[QUOTE="wellbigd"] Yea me too....5/5 even thought this is more of a macro thing.wellbigd

I had macro for half a semester then micro for the second half.

EDIT: the max score in each class was in the 60%, the man taught as if we were all studied economists. someones god i wish i remembered his name. so few treat their kids as specialists.

The only one i can possibly see people getting wrong is the one about bonds. It's much more of a macro concept then the others, in that it deals with money supply.

5/5

I got 4 out of 5.  And honestly I misclicked the bond question.

[QUOTE="wellbigd"][QUOTE="J-man45"]

I had macro for half a semester then micro for the second half.

surrealnumber5

EDIT: the max score in each class was in the 60%, the man taught as if we were all studied economists. someones god i wish i remembered his name. so few treat their kids as specialists.