piggy quiz

Welcome to the Personal Finance Literacy Test!

This comprehensive assessment is carefully designed to evaluate your understanding of personal finance concepts, ranging from beginner to advanced levels. It encompasses a wide range of topics, including fundamental budgeting principles, investment strategies, and even more complex concepts such as comprehending cryptocurrency.

The test consists of 20 multiple-choice questions. Kindly select the answer you believe to be correct for each question.

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Wishing you the best of luck on your test!


Personal Finance Literacy Test

personal finance literacy quiz

Are you ready to put your financial knowledge to the test?

Whether you're just starting on your financial journey or consider yourself a seasoned expert, this quiz offers a range of questions to suit all levels.

Good luck!

1 / 20

What is the primary difference between a debit card and a credit card?

2 / 20

After assessing your finances, you realize that your net worth is barely increasing year after year. You have no debts, and your income comfortably covers your living expenses. What might be the issue?

3 / 20

How can cryptocurrencies fit into a diversified investment portfolio?

4 / 20

What does it mean to 'short' a stock?

5 / 20

What are the primary risks associated with investing in cryptocurrencies?

6 / 20

What is a 'wallet' in the context of cryptocurrencies?

7 / 20

Rank the following investment options from least to most risky:

8 / 20

What is a hedge fund, and how does it differ from a mutual fund?

9 / 20

How do tax-advantaged retirement accounts work?

10 / 20

You are considering investing in a mutual fund that has consistently given a return of 7% annually over the past 5 years. However, this year, the fund's return is only 2%. What should you do?

11 / 20

What is diversification in investing?

12 / 20

What is the 'Time Value of Money' concept?

13 / 20

What is the difference between shares, government bonds, and a UCITS fund?

14 / 20

You have an emergency fund that covers three months of living expenses. You've also come across an investment opportunity with a potential return of 10% per annum. You're considering withdrawing some money from your emergency fund to invest. What should you do?

15 / 20

If you have credit card debt with an interest rate of 19% and a potential investment with a return of 8%, what should you do first?

16 / 20

What is a credit score (score de crédit)?

17 / 20

Can you explain what an emergency fund is and why it is necessary?

18 / 20

What is the term 'inflation' in the context of an economy?

19 / 20

What is the term 'interest' in the context of a loan?

20 / 20

What is a budget, and why is it important?

Your score is

The average score is 32%


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