The (Federal Reserve's) Financial Literacy Test
Their result for The (Federal Reserve's) Financial Literacy Test ...
Financially Literate
You answered 27/31 correctly.
And since this is a dating website, let me also throw out that you are probably capable of bringing something extremely important to your relationships: financial stability. Most relationship problems arise out of differences over money. You have the capacity to make sound financial decisions as long as you use your head, and you are probably capable of talking intelligently with your mate about those decisions. Be patient, and willing to subject your financial instincts to reason, and you'll be able to integrate your relationship's income, assets, and goals very effectively.
There's an answer key with explanations in my journal, but... don't cheat. You're only cheating yourself.
The other categories were:
Below Average
Average
Above Average
Financially Literate
Personal Finance Expert
Their Analysis (Vertical line = Average)
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They scored 27% on Literacy, higher than 54% of your peers.
All possible test results
In Big Trouble
Your score was far below average for an American high school senior in 2008. If you're very young and haven't really been exposed to money, this is fine. But note that this sort of thing is ... Read more
Average
You're relatively near the average for an American high school senior in 2008, which is about halfway between 15/31 and 16/31. Be warned: average on this test is NOT okay. America in 2008 is in the ... Read more
Above Average
You're above average for an American high school senior in 2008, which is about 15.5/31. If you're in high school, you do deserve some praise for surpassing your peers, but remember that America is i... Read more
Financially Literate
You're doing pretty well. You probably know enough not to be taken advantage of in ordinary situations involving money. Thanks for being part of the solution. You probably know the importance of fi... Read more
Personal Finance Exp
You're definitely part of the solution. Thank you, on behalf of your fellow citizens, for managing your money responsibly. But keep learning! As you probably already know, financial knowledge pays.... Read more