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Can You Ace This Financial Literacy Quiz?

Put your money smarts to the test and compare with other people’s results real time.

Hello there! Please tell us something about yourself.

In which age bracket do you belong?

What’s your civil status?

How many kids do you have?

What's your employment status?

What’s your job position?

What is the agreement that allows a borrower the capacity to withdraw cash up to an approved limit?

76% of people answered this correctly.

What do you get when you deduct liabilities from assets, which is the worth of ownership interest?

76% of people answered this correctly.

Differentiate “gross income” from “net income.”

76% of people answered this correctly.

How do you compute your net worth?

76% of people answered this correctly.

What do you call the asset that a lender can take from the borrower in case a loan cannot be repaid?

76% of people answered this correctly.

Suppose you have a cash in hand that you want to grow for a term that you will use in the future. However, you are risk-averse. What is the smartest thing to do?

76% of people answered this correctly.

What does ROI stand for?

76% of people answered this correctly.

What is the exact period that covers a current asset?

76% of people answered this correctly.

Suppose you have several loans and debts. What do you do to get lower interest rates?

76% of people answered this correctly.

Net worth, shareholder’s equity, and owner’s equity are synonymous with the term _________.

76% of people answered this correctly.

When filing for an insurance claim, under which policy do floods and typhoons fall?

76% of people answered this correctly.

You need to settle a debt from one bank to another. However, you do not have a checking account. What method should you use to transact?

76% of people answered this correctly.

What is the most accurate description of amortization?

76% of people answered this correctly.

In layman’s terms, rebate simply means _____________.

76% of people answered this correctly.

Which of the following can hurt your credit rating?

76% of people answered this correctly.

What are the best examples of capital expenditures?

76% of people answered this correctly.

Rent, salaries, depreciation, and interest expense are best examples of ____________.

76% of people answered this correctly.

Which type of mutual fund investment is most suitable for low-risk investors?

76% of people answered this correctly.

Which best describes a long-term investment?

76% of people answered this correctly.

In investing, what does liquidity mean?

76% of people answered this correctly.

What affects the amount of interest that you would pay on a loan?

76% of people answered this correctly.

You scored {0}/21 in eCompareMo.com’s financial literacy test!

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