Comments on: Financial Literacy Test - Grab A Pencil & Paper

By: JMBIndy

JMBIndy — Mon, 05 Nov 2007 15:04:24 +0000

I’m a little late on this one, but I have to admit that I was surprised that I did as well as I did. Missed 5 total. Very interesting test, though.

By: Cindy

Cindy — Thu, 03 May 2007 00:40:05 +0000

I’m a high school student whose going to be taking the Financial Literacy tomorrow, matter of fact. My Economics teacher said if we fail the test, we fail the class. I made my mom do some of the practice tests and she did exactly the same I did. If there are some who adults can’t do well on it, couldn’t they just make the test a bit easier?

By: Journey To Financial Freedom » My Friendâ€™s Post - Test your Financial Literacy

Sun, 07 May 2006 00:42:44 +0000

[...] So today, I want to share with you one of the article from my friend, Jeffery Strain of Personal Finance Advice which talk about Financial literacy test. Below is some of the way you can take the test and know how high your financial literacy is. [...]

By: fivecentnickel.com

fivecentnickel.com — Mon, 17 Apr 2006 02:10:33 +0000

Carnival of Personal Finance #44

Good morning, and welcome to the 44th edition of the Carnival of Personal Finance. Coming on the heels of two somewhat ‘elitist’ Carnivals, I’ve decided to return the Carnival to it’s inclusive roots. If an on-topic post was sub…

By: bob

bob — Sun, 16 Apr 2006 07:11:55 +0000

I got 6 wrong, It was tougher than I thought it would be. As for the kids in high school who took it, I think it would be a guarantee that the overall results would be below 70%. Why? I went to high school and the words savings, bonds, stocks, credit card debt, money, etc etc etc were never mentioned, words like photosynthesis, gravity, common denominator and gym were more like it. Graduated college as well and never came across any kind of class teaching about an amortization schedule, municipal bonds, stock options, short selling, compounded interest, the rule of 72, the difference between adjusted and fixed mortgages, what 12b-1 fees were and how to avoid them etc etc etc….Instead they offered classes on art history, sociology, physical education and music….

By: Gigi

Gigi — Fri, 14 Apr 2006 17:23:20 +0000

I missed a few, but I think some of the questions were poorly written. The wording was awkward and I had to read some questions a few times to figure out what they wanted, and then some of the answers were iffy. Oh well, it was fun though.

By: mahanda

mahanda — Fri, 14 Apr 2006 00:15:18 +0000

missed four, did not know most of this in high school course that was a million years ago)

By: tanya

tanya — Fri, 14 Apr 2006 00:10:16 +0000

Ahhh…can some one please give me the answers I can’t access the page!

By: Cap

Cap — Thu, 13 Apr 2006 23:04:56 +0000

missed 5. argh. had to sorta educated guess a few too, which turned out to be right but eh. hmm, they’re tougher than expected too.

yeah, whip up some form & submit button, dammit. I really did grabbed a pen & paper. heh. I bet more people would take the test though.

By: Paul

Paul — Thu, 13 Apr 2006 22:40:59 +0000

I missed 4, as well.. definitely tougher than I expected. I would have only missed 2, had I not misunderstood and changed my answers to a couple of questions. :-}