Economics Essentials

Economics Essentials: Are You Financially Literate?

tail spin Check your IQ fast and accurate

1 / 10

What is a 401(k) plan?

2 / 10

What does “compound interest” mean in financial terms?

3 / 10

Which of the following is considered a "liquid asset"?

4 / 10

What does "liability" mean in financial terms?

5 / 10

Which of the following represents a "fixed expense"?

6 / 10

What is an example of a depreciating asset?

7 / 10

What does "ROI" stand for in finance?

8 / 10

What does "cash flow" measure?

9 / 10

What is the best financial habit to build long-term wealth?

10 / 10

Which economic system relies primarily on supply and demand to allocate resources?

Economics Essentials Quiz

Do you know the essentials of managing money, budgeting, and investing? In today’s fast-paced world, financial literacy is crucial for navigating personal and professional finances. This 10-question test is designed to evaluate your understanding of key economic principles, personal finance strategies, and decision-making in everyday situations. Each question challenges your knowledge of financial terminology, economic trends, and smart money habits. Whether you’re an economics enthusiast or just starting your financial journey, this test will provide valuable insights into your strengths and areas for improvement.