Personal Finance Trivia Quiz

personal finance

Personal Finance

Answer 15 questions to assess your understanding of basic finance and investing.

1 / 15

If you invest in a stock index fund that returns 8 percent per year, based on the Rule of 72, about how many years will it take your investment to double?

2 / 15

How many months of expenses should you generally have set aside for an emergency/backup fund?

3 / 15

If you have $5000 on a credit card that charges 20% interest, and you pay the minimum payment of $100 each month, approximately how long will it take you to pay off the debt?

4 / 15

Which of the following is the biggest determinant of your credit score?

5 / 15

Which of the following items will likely lower your credit score?

6 / 15

For those born after 1960, the earliest age you can collect reduced social security benefits is ____, but your Full Retirement Age is considered to be ____? [Choose 2 answers]

7 / 15

Which of the following investments has the largest downside risk?

8 / 15

Which of the following must you pay if you enroll only in the basic Parts A and B of Medicare?

9 / 15

What type of life insurance generally has the cheapest premium, but does not have cash surrender value if you stop paying premiums?

10 / 15

Which of following allows you to withdraw money from a taxable IRA before age 59 1/2 without a 10 percent early withdrawal penalty?

11 / 15

Which of the following is worth more:
1) $1 million dollars received at the end of the month
2) A penny that doubles in value every day of the month

12 / 15

If you receive Social Security benefits, that income is taxable if your "Provisional Income" exceeds $25,000 for single filers, $32,000 for joint filers (as of 2025). Which of the following is NOT included in the Provisional Income calculation?

13 / 15

If you use a low interest loan to invest in stocks, it will generally {increase/decrease} your possible returns and {increase/decrease} increase your downside risk.

14 / 15

Which of the following investment funds does NOT get an up-front tax break?

15 / 15

Is Social Security a ponzi scheme?

Your score is

The average score is 64%

0%

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