Their result for The (Federal Reserve's) Financial Literacy Test ...

Financially Literate

You answered 26/31 correctly.

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 financial knowledge, so I won't hit you over the head with how good it would be for you to know more. You might be interested to know that the national average score for American high school seniors in 2008 was 48.3%, down about 4% from last year. I don't have any information about the standard deviation, unfortunately.

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)

  • Literacy Distribution

    They scored 26% on Literacy, higher than 47% 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

Take this test »

More tests we think you'll like

More Top Tests