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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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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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Mastering sign language in ‘Sign Painters’

The documentary by directors Faythe Levine and Sam Macon is fresh, passionate, and unexpected.

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Party Lines: Boston PAL’s Golf Classic

More than 150 guests recently attended Boston PAL’s 23d annual Golf Classic held at the Wollaston Golf Club.

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Man jailed in shooting of hunting beagles

An Enfield, Conn. man has been sentenced to 30 days in jail in the deaths of three hunting beagles that were shot and killed by his son. John Lake was not with his 13-year-old son when the boy shot the beagles in November, but the father said in court that he removed their collars and threw their bodies into a ravine after they were killed.

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Mayors push to limit use of food stamps to buy soda

The mayor of Providence is among 18 mayors nationwide reviving a push against allowing government food vouchers to be used to buy soda and other sugary drinks. In a letter to congressional leaders Tuesday, mayors including Angel Taveras said it is ‘‘time to test and evaluate approaches limiting’’ the use of the subsidies for sugar-laden beverages.

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Breathing life into ‘World War Z’

The surprise of the absorbing, frightening “World War Z” is that what sounds ridiculous on paper turns out be a gripper on the screen.

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Red Sox sweep Rays in doubleheader

Jonny Gomes hit a walkoff home run to cap the sweep, which came after two strong starting performances by Alfredo Aceves and Felix Doubront.

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