Would you pass this financial literacy test?

Two-thirds of the world can’t pass this basic financial literacy test. Can you?

We could all use a crash course in personal finance. Two-thirds of people around the world failed a short test of basic financial concepts. The five-question test—created by Standard & Poor’s, Gallup, the World Bank, and George Washington University—was posed to 150,000 people in more than 140 countries last year. It tests understanding of risk, inflation, interest, and compound interest. To pass, people had to demonstrate competency in three out of four topics. ….[READ]

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