Can you manage your money? A personal finance quiz.
A customer counts her money while waiting in line to check out at a Target store in Torrington, Conn., in 2011. (Jessica Rinaldi/Reuters/File)
Although three-quarters of Americans think they're financial knowledge is good to great, their actual financial literacy is declining, according to a report by the investor education arm of the Financial Industry Regulatory Authority. Are you financially literate enough to manage your own money? Take the Monitor's personal finance quiz to find out if you're a beginner, a financial whiz, or somewhere in-between:
1. Which of the following is the most “liquid” investment?
A liquid asset is one that can be converted immediately to cash.
A liquid asset is one that can be converted immediately to cash.
A liquid asset is one that can be converted immediately to cash.
A liquid asset is one that can be converted immediately to cash.
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Mineral water |
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Stocks |
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Certificate of deposit |
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Bank savings account |
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