Financial Quiz Take our interactive quiz to discover your investing style and starting point. Test your knowledge of basic investing and personal finance! 📚 Financial Literacy Quiz for Beginner Investors Ready to test your financial knowledge? This quick quiz is fun, simple, and will give you useful tips to help you become a smarter investor. Let’s see what you know! SimpleInvest What is “compound interest”? Earning interest on both the initial deposit and the interest it earns Interest on the initial deposit only A tax on interest earnings None What is a 401(k)? A retirement account often provided by employers A savings account A loan None What’s the best description of an “emergency fund”? Money set aside for unexpected expenses A type of retirement account A fund for vacation savings None What is a dividend? A type of stock A portion of a company’s profits paid to shareholders Interest on a loan None Which is the best description of “FOMO” in investing? A type of investment strategy Fear Of Missing Out, leading to impulsive investing decisions A retirement account None What does "diversification" mean in investing? Investing only in one country Putting all your money in one investment Spreading your investments across different assets None What is a stock? Ownership in a company A type of bond A loan to a company None What’s a common mistake beginner investors make? Investing in diversified funds Keeping a long-term plan Trying to time the market None What does the term "budget" mean? A government program A type of investment A plan for managing income and expenses None Time's up
