Financial Literacy QuizBy Amit / August 9, 2025 Financial Literacy Quiz Financial Literacy Quiz Answer all questions, then click “See my results.” Question 1 of 5 • Budgeting If you earn $4,000/month and want to follow the 50/30/20 rule, how much should ideally go to savings? $200 $800 $1,200 $2,000 Question 2 of 5 • Investing If you invest $1,000 at an 8% annual return, approximately how much will you have after 9 years? $1,800 $2,000 $2,400 $3,000 Question 3 of 5 • Inflation If inflation is 6% and your bank account earns 4%, what is your real rate of return? 10% 0% -2% 2% Question 4 of 5 • Retirement Which investment typically offers the highest long-term growth potential? Savings account Bonds Stocks CDs Question 5 of 5 • Debt If you only make minimum payments on a credit card with 18% interest, what happens? Your debt decreases quickly Your debt decreases slowly No change Your balance increases See my results Reset Your Results You scored 0/5 Beginner Answer explanations appear under each question.