Finance Knowledge Quiz- the path to $1 Million Dollars

32 Responses | Created by seth | Skip to Results

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

  11. 11

    Everyone is different, and so are their answers. What is your:

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