Finance Knowledge Quiz- the path to $1 Million Dollars

116 Responses | Created by seth |

Want to get a grip on your personal finances? Want to be a Millionaire? The first step is to figure out what you do and don't know. This simple quiz will help!

  1. 1

    What defines a fixed rate mortgage?

  2. 2

    If you "short" a stock what has to happen for you to make money

  3. 3

    If you buy a "call option" on a stock, what are you buying

  4. 4

    If you own a bond and interest rates go up, almost always what happens

  5. 5

    Why would you NOT put money in a 401k or IRA today

  6. 6

    What is true about your mortgage payment on your house

  7. 7

    The best way to make enough money to retire well is to:

  8. 8

    What are "real dollars"

  9. 9

    If you keep all your savings in an interest bearing account what will happen over time

  10. 10

    Does "term" life insurance build equity

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