Are you ready? Simply answer five questions on these four topics to find out if you’re considered financially literate. (Remember to note your answers down.)

Risk Diversification

Suppose you have some money. Is it safer to put your money into one business or investment, or to put your money into multiple businesses or investments?

Inflation

Suppose over the next 10 years the prices of the things you buy double. If your income also doubles, will you be able to buy less than you can buy today, the same as you can buy today, or more than you can buy today?

Numeracy (Interest)

Suppose you need to borrow 100 US dollars. Which is the lower amount to pay back: 105 US dollars or 100 US dollars plus three percent?

Compound Interest

Suppose you put money in the bank for two years and the bank agrees to add 15 percent per ......