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Test your financial IQ

How good is your financial literacy? Take our quiz, and see the percent of Americans who got each question correct.
  • Imagine that the interest rate on your savings account was 1 percent per year and inflation was 2 percent. After one year, how much would you be able to buy with money in this account?

    65 percent of Americans got this answer correct
  • If interest rates rise, what will typically happen to bond prices?

    28 percent of Americans got this answer correct
  • A 15-year mortgage typically requires higher monthly payments than a 30-year mortgage, but the total interest paid over the life of the loan will be less.

    76 percent of Americans got this answer correct
  • Buying a single company's stock usually provides a safer return that a stock mutual fund.

    53 percent of Americans got this answer correct
  • Which of the following types of investments are found in a money market fund?

    35 percent of Americans got this answer correct
  • Index mutual funds do which of the following?

    32 percent of Americans got this answer correct
  • Suppose you had $100 in a savings account and the interest rate was 2 percent per year. After five years, how much money do you think you would have if you left the money to grow?

    78 percent of Americans got this answer correct
  • Over the past 10 years, the annual rate of inflation has been closer to...

    35 percent of Americans got this answer correct
  • What type of investment has historically provided the best protection against inflation over the long term?

    28 percent of Americans got this answer correct
  • What is the best way to minimize losses in your investments when the stock market declines?

    88 percent of Americans got this answer correct
  • Which of the following statements best describes what asset allocation is?

    79 percent of Americans got this answer correct
  • Which of the following best describes what a 529 plan is for?

    61 percent of Americans got this answer correct

Sources: Northwestern Mutual, FINRA

Mozart’s violin and viola star at Jordan Hall

The first mainstage concert of the Boston Early Music Festival was also the North American debut of Mozart’s own violin and viola.

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Matthew Aucoin gets Chicago apprenticeship

The Medfield native has been awarded the Second International Sir Georg Solti Conducting Apprenticeship with the Chicago Symphony Orchestra.

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Laurens honored as Children’s Champions

Lauren Bush Lauren and her husband, David Lauren, were honored by UNICEF at its annual Children’s Champion Award Dinner.

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Leonard Nimoy visits the West End Museum

The Boston-bred actor and “Star Trek” star was at the West End Museum last week for a tour.

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Norman Mailer’s P-Town home is for sale

The stately brick dwelling in Provincetown that the author called home from 1990 until his death in 2007 is for sale.

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‘Voice’ star entertains Hebrew SeniorLife party

Former contestant on “The Voice” Amanda Brown was among the 350 guests at Hebrew SeniorLife’s “EngAGEment Party.”

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Boston band The Figgs scores with Lexus ad

The song in the commercial, called “Je T’adore,” appeared on their 2004 double album, “Palais.”

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Oprah donates $12 million to museum

Oprah Winfrey is giving $12 million to a museum being built on Washington’s National Mall that will document African-American history.

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Bruins fans celebrated too soon

We were getting greedy. It wasn’t a matter of if the Bruins would win the Stanley Cup, but when. So many premature thoughts.

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Proposed Copley tower plan includes 224 more homes

A developer wants to build 433 apartments and 109 condominiums in the $500 million, 52-story Copley Place skyscraper.

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Boston’s gang wars, 2013

Whitey Bulger’s trial is full of mesmerizing stories of lurid gangland slayings that occurred decades ago. But the gang violence that’s happening now in Boston elicits mostly shrugs.

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Markey’s record elevates him over newcomer Gomez

Far from being a detriment, Edward Markey’s Washington experience fills a need for a state that lost Edward M. Kennedy in 2009 and John Kerry this year.

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Sip and slide: 11 summer cocktails

Kick back and relax with these cool cocktails that Boston’s top bartenders recommend for this summer.

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Pixar gives ‘Monsters University’ the old college try

“Monsters University” is better than “Cars 2” but not by enough, offering unsettling evidence that Pixar’s Golden Age may be in the past.

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Letting the sun shine in

Friday’s summer solstice is a day to spend doing your favorite activities outside. It’s a great, free gift of sunlight, from nature, with love.

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