Good financial literacy is critical to sound financial decision-making. This short, eight question quiz is designed to test your level of financial literacy.

Financial literacy
How would you rate your overall financial knowledge, including your understanding of stock and bond markets, mutual funds, investment strategies, etc.?
It is easy to pick individual company stocks that will generate higher than average returns
What is the best way for an average 25 year old to accumulate a retirement nest egg of one-half million dollars or more?
The term "diversification" means to:
Which of these typically provides the best financial returns in the long run?
Assume you have $1,000 in a savings account and the interest rate is 2% per year. After 5 years, how much would you have in the account if you never took any money out?
If your savings account pays an interest rate of 2% per year and the inflation rate is 3% per year. After 1 year, how much would you be able to buy with the money in the account?
Would you rather have one million dollars now, or a penny that doubles in value every day for a month?
When you buy a company's bond, you...