3 Question Financial Literacy Quiz: A new annual personal finance index released on March 22, 2017, by the TIAA Institute and the Global Financial Literacy Excellence Center (GFLEC) showed that 52 percent of U.S. adults surveyed could not answer more than one-half of the questions correctly.

The George Washington University School of Business, Literacy Excellence Center (GFLEC) – Developed the following 3 Questions that Measure Financial Literacy.

Take this 3 Question Financial Literacy Quiz to find out how financially literate you are.

More Quizzes: Canadian Financial Literacy Quiz and Bankruptcy Canada Financial Facts Quiz


1. Suppose you had $100 in a savings account and the interest rate was 2% per year. After 5 years, how much do you think you would have in the account if you left the money to grow?

 
 
 

2. Imagine that the interest rate on your savings account was 1% per year and inflation was 2% per year. After 1 year, how much would you be able to buy with the money in this account?

 
 
 

3. Please tell me whether this statement is true or false. “Buying a single company’s stock usually provides a safer return than a stock mutual fund.”

 
 

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