Nearly Two-Thirds of Americans Can’t Pass a Basic Test of Financial Literacy
http://www.usfinancialcapability.org/quiz.php
There is 1 poster in this thread.
sad
>>80902885
I failed the bond question. It makes sense now that I know the answer.
6 out of 6
That was pretty easy
>>80903299
It should have a small code that stops people from just retaking the quiz.
So when you plug in the code it will show many times the person took the quiz and if it's a legit code or not.
Shitty quiz, everyone is just going to post their 6 of 6
5 out of 6.
Misread the bond question.
>>80903683
Thought to be honest I just kinda made an educated guess on the bond question
6/6. I was hoping for something challenging. The only problem I can see the average person missing is the bond question.
5 of 6 (missed bond question)
I thought this was going to be very bias like "Is minimum wage a living wage?" but it wasn't
Missed the bond question. Didn't know #5. 4 out of 6.
>>80904528
>5
5 is basically is it safer to bet on one company, or a whole bunch of companies?
>>80904719
Yes
1.02^5 does not equal 1.02
I seriously did not see/read the 5 year part. Thought it was meant only for one year.
I dont know how people do not know this shit.
>>80903787
even if they had that you could just delete your cookies
>>80900455
>4/6
>tfw financially literate by the standards of this quiz but shit at math
>>80900455
Is it cheating if I had to write out some math for the last question?
>>80900455
6/6 no problem, though the bond question could trick people who dont know what compounded means
>>80903299
Same. 5 out of 6 missing the bond question. Thought they didn't affect bonds but makes sense now that I read it.
5 out of 6.
And the one I missed was because I didnt know what "bond" means in the english financial world.
Anyone who gets 3 or less should not be allowed near money.
>>80905486
A little. You should know with 20% per year compounded annually, without compounding it'll double in 5 years, and even with compounding it would take more than 2 years.
this is why there should be financial classes in high school
>>80900455
5/6, and I honestly don't know much about finance, the bond question got me, had to put "Don''t Know".
The rest is just common sense. I can't excuse my own ignorance of how bonds work, but are Burgs THIS bad at basic logic?
>>80905861
Congratulations for knowing what a bond is!
I didn't. got 5 out of 6.
The more stuff I see like this, the more I sympathize with our NWO overlords.
The whitest states pulled the highest average scores. Not fucking surprised.
bonds (which ones)
interest (national or private?)
that question sucks
>>80900455
Macroeconomics pays off.
>>80906122
yeah, but my results shouldn't count. I have a bachelor's degree in international finance.
Still, there should be mandatory financial courses in high school covering things like savings accounts, credit card debt, compounded interest, and mortgages.
>>80903299
same
5/6
>The name's james bond.....JAMES bond...
>>80900455
I got 5/6. I don't know anything about bonds.
5/6
I forgot the Rule of 72 and I took econ last Fall
>>80906629
>Still, there should be mandatory financial courses in high school covering things like savings accounts, credit card debt, compounded interest, and mortgages.
You guys don't have economics in high school?
Sad.
6/6
guessed the bonds one and got lucky
>>80900455
"If interest rates rise, what will typically happen to bond prices? Rise, fall, stay the same, or is there no relationship?"
I answered I did not know. But It makes sense that if interest rates are hiked that less people would like buy bonds that require you to pay higher interest.
fuck off i learned all of this in junior year calculus
>>80900455
5 out of 6, bond question got me. But, then again, I never purchased bonds.
I love the other quiz that confirmed that men are more savvy about money than women are. That was nice.
>>80903299
Got 6 out of 6 but wasn't so sure about the bond question
I just figured if you have a bond it is worth less after interest so the price would decrease
>>80907221
what fucking high school did you go to?
>>80907057
Yeah, Aquafresh, we have economics in high school - at least I did (both micro and macro), but it was theoretical economics.
I'm talking about classes like how to open a checking account, manage debt, and be an educated consumer. That's all I'm suggesting. Not every country needs classes on smoking weed and banging slav immigrant prostitutes.
>>80900455
>Suppose you have $100 in a savings account earning 2 percent interest a year. After five years, how much would you have?
>More than $102 Exactly $102 Less than $102 Don't Know
Obviously don't know is the answer, fucking bank fees will rape you most likely. But no they want you to put $102 and pretend we are not getting jewed.
Fucking kike test.
>>80907225
I got confused on that one just because I thought they were talking about prices of bonds that will be released in the future (chose rise, but I was correct according to their definition), but they were talking about the value of bonds already held.
>>80900455
I got the diversification answer wrong. Wtf guys, isn't that how the financial crisis started? Lots of junk bundled with solid investments?
I don't feel any sense of accomplishment for this.
The interest vs. inflation question is a bit odd, I knew that the money would be worth less, but if the interest is compounded annually, then you would have more of the inflated money, which would still be more than when you originally deposited it.
> You got 6 correct answers out of 6
Bonds suck.
At first they just protected you from interest so your money would not slowly evaporate. Now they are toxic assets that brought down Iceland and to a lesser extent, Greece.
Frankly I'm not sure where to make unearned income anymore. Tips welcome. I got out of oil at the perfect moment, just before the crash. Now I'm all-in with the QQQ nasdaq fund. up 1% after 8 months of holding it and $1,200 of margin interest.
>>80900455
I don't know jack shit about economics but got 5/6 because common sense.
>>80903299
same here, I thought Bonds were something that didn't change regardless of circumstances.
>>80908163
same here bruh
>>80900455
>>80900455
6/6
>>80904958
>yessss the goyim is about to sign his loan contract
>hehe he misread 5 year instead of 1 year
>the goyim signed it!
you're part of the problem faggot.
Simple math is simple
got 5/6, don't have an understanding of the function of bonds
6/6 ezpz and I'm dumb as fuck when it comes to economics.
>>80904109
I can see the average person missing half of the question
6/6.
Had to think about the bond one for a second tbqh
>>80903299
Same here, though I don't really know much about bonds
>>80908144
I move into bonds when my exponential moving average convergence-divergence indicator lets me know that there's going to be a crash.
It's not a perfect indicator, and I would say two out of three times I move my money into bonds just to move it back into the stock market shortly thereafter but it does allow me to avoid crashes, and since I buy the bonds early, during the market crash everyone else starts buying bonds and I actually make money off of it while also insulating myself.
Other than that I see no point.
I'll admit I know jack shit about finance, but still got 5/6.
5/6 and im a nigger
I work at UBS/have an econ degree so not exactly fair but I got the bond question
>>80903299
5 of 6 master race. Same here.
>>80909613
Me too f.a.m
I got the bonus wrong
Better chimp out and buy some nikey shoes
>>80903299
Same here m8
5/6, I got the mortgage question wrong.
It didn't say anything about interest rates, so I was working off the idea that a 15 year mortgage would have a higher interest rate in order for the bank to make a similar amount off of it.
>>80909493
Kek talking out of your ass. Stocks/bonds not always correlated and there is plenty of reason to buy bonds. For example, buying European bank bonds when European banks were healthy, knowing that when they're callable they'll be called because they don't qualify for tier 1 capital anymore, and not getting a shit interest rate +libor- can be decent strategy when building a barbell or ladder
4 out of 6
the bond question and the bonus i just guessed
>>80900455
>5 out of 6 when I put 'I don't know' for the bonus because reading is too much for a dumb millennial like me
I'm financially illiterate and that wasn't hard at all.
>>80903299
This
It used to be that you could buy a Treasury bond from the bank. If I remember correctly now you can only get it from an online signup. Because senior citizens buy most bonds, they now can't because they don't understand how to use the internet.
https://www.treasury.gov/services/Pages/Savings-Bonds.aspx
>The End of Paper Savings Bonds - As of January 1, 2012, we stopped selling paper savings bonds through over-the-counter channels. This will save an estimated $70 million over the next five years.
>Savings bonds are sold on-line at a different website, TreasuryDirect.gov, which is managed by the Bureau of the Fiscal Service. These suggested links are for your convenience and take you to the TreasuryDirect.gov site.
It's like they hate old people.
6/6 first try, but I do posses a BSBA in Computer Info systems (college of business). So no surprise there. I don't doubt that most people fail this.
>>80908926
Same result here.
I have an IQ of around 80 and I got 6/6. I used a calculator for the last question because I can't keep a track of the math in my head, don't know if that's cheating.
How can anyone get these questions wrong? I barely graduated from high school.
>>80900455
5/6
The 15-30 years question is bullshit. I didn't assume the same rates because who the fuck said it? Anyway econ degree here you're all subhumans, enjoy your useless degrees. That's your fault if these bs tests exist. Fuckin illiterates.
>>80910111
>the bonus i just guessed
Are you mentally handicapped? An Autist could have got that right jesus. Its compounded annually.... so whats 20% of $1000? $200 so after a year its at 1200. So on and so forth. This can be done in your head. If you can't handle this simple shit don't even think of stepping foot into a college.
>>80900455
Got 5 outta 6. I missed the bonds one. Didn't get taught that in school. I did do stupid interest rate math problems though. Didn't remember compounding but I guessed right. I just remember compounding is a pain in the ass to do.
>>80906335
shit people who dont know about bonds say
>>80909875
lmao
>>80910456
You have to come at this from a super basic standpoint, remember this test is for normies who may or may not have graduated high school.
Generally, the lower any loan term is the lower the interest rate will be since the bank is taking on a less risk due to a lower loan duration. I know you can't apply this in every scenario but this is what it boils down to.
>>80904109
Yeah, fucked up the bond one. Compound interest was a fun calculation though.
Been a while since I used that.
Can someone explain why binds go down when IR go up?
>>80908144
Buy and hold low-fee index funds. Unless you are about to retire you should set your allocation to 100% stock, no reason to hold bonds at all.
>>80910699
because you have a bond that pays 1% interest. If the interest rate went up to 3% newer bonds will be more profitable because their payouts will be higher. AKA the old bonds are now trash
>>80910699
interest rates go up, as a result the older bonds issued at a lesser interest rate are now worth less on the market.
>>80900455
Guess I'm a fucking genius. I'm not even american.
For the bond question, it's really not that difficult. Bonds mature after a certain while, so the point of them is to get money now, pay it out later (with the hope that times will be better later and you'll be able to pay then). Obviously when times are tough (low rates - or the US since 2008 until just recently, 0%) bonds will promise better times and be worth more. When it's already good, the opposite would be true.
>>80910848
>>80910884
Many thanks lads, that makes sense.
>this many people falling for an obvious data mining and/or advertising thread
>>80910456
This test is designed the average american being completely financially illiterate in mind. You can't overthink these things. A good chunk of Americans don't even know what a bond is.
>>80900455
im a 20 yo neet and my mom does my taxes.
i got 6 of 6. other than the bond question these seem like common sense and arithmetic.
>>80900455
6/6
The last one threw me off for a second though since i dont own a credit card and never buy anything on loan.
4/6 I know nothing about bonds and I misred the last question.
>>80909493
>Other than that I see no point.
The older generations are used to buying bonds to fund all sorts of projects at all levels of government. There hasn't been a war lately where people have been asked to invest.
The younger generation largely knows about bonds as the things their grandparents used to fund their college education.
>>80911313
I don't see how, it was plain as day.
6/6 First time
But I work in a bank, so that might have helped me out a little bit.
The average person, especially home owners should know at least 4/5 of these. Most of them are just common sense. The only one which people might trip up on is the bond one.
>>80905486
It's cheating if you don't do the math
Thank you high school economics class, probably the best class I ever took in high school.
>>80900455
Eh, screwed up the bond question. Other than that, the average American has a damn pathetic score...
>>80911556
>doing exact calculations
just think logically
i never got trained in econ, ever
>>80900455
>>80911709
I also fucked up the bond question.
>>80900455
If you don't get 6/6 you are an idiot
>>80911556
Why the fuck would you do the math on a question like this? You should be able to look at a question like this and know the answer almost immediately if its a multiple choice.
>>80911556
Where did the 1n come from?
got 4/6
oh well at least i did better than average
>>80903299
Bonds prices fall when interest rates go up, because they have to charge less for people to buy it since saving is the preferred method of accruing interest.
6/6 super easy. Took me less than two minutes. and that was texting people back in between. I love that my parents actually taught me shit about the economy and life.
>>80911556
If you didn't do it in your head within seconds, you cannot possibly have more than a 105 IQ
>>80912133
>1n
That's natural log, dingus.
pleb
>>80912133
MY EYES
You got 4 correct answers out of 6
I'm a fucking idiot
>>80912562
Let me guess, you fucked up on the bond and bonus question...
I got the bond question wrong because of ambiguous wording. It should have been something like "what happens to the value of a bond if interest rates rise on subsequent bond sales?"
"it goes down"
or just
"what happens to all those 0.2% 10 year t-bills people own if interest rates go up one iota?"
"they become hot garbage."
5/6
>>80900455
>http://www.usfinancialcapability.org/quiz.php
>>80900455
Mr. Goldstein, I took your exam.
Can you teach me how to money change, Mr. Goldstein?
Can you teach me how to usury, Mr. Goldstein?
Can you teach me to be lazy and manipulate the goyims shekels and make a ton of profit for myself?
With that being said, Mr. Goldstein, I used my intuition and got 5 out of 6 right.
Am I well on my way to being a soul-less jew?
>>80907918
This
>>80907918
>>80912891
Pure financial illiteracy
>>80912562
It also means you're probably not a jew.
Look on the bright side of things...
I don't know what bonds are so I couldn't answer that.
4 of these questions were so simple I had to reread them like 5 times to be sure it's not a trap. I was constantly thinking it can't be this fucking simple...
>>80912133
He is taking the natural log aka ln. It's how you typically solve logarithmic problems which is what the interest rate formula is
>>80912402
I don't get it.
>Posting clickbait quizzes
>And not ironically
How /pol/ has fallen.
>>80907918
thought they were talking about prices of bonds that will be released in the future (chose rise, but I was correct according to their definition).
They were and you aren't.
Damn bond question. I thought I read payout.
>>80907918
>What is a bond market
>>80900455
6 out of 6 legitimately.
Accountant so I shouldn't be too proud as failing one would've meant I'd be unfit to work.
>>80900455
Apparently these fucking condescending smarty-pants cant design a proper mobile website that allows me to input my answers.
Dropped.
>>80913383
Literally what is a bond market I have no idea we don't have one... or we call it differently?
>>80903299
same.
>>80900455
What kind of special retard do you have to be to get a question incorrect on this?
>>80900455
5/6 shitwad here
Everything up until the final question was obvious and I'm confused why the bonds question confused so many people. I'm drunk as shit and couldn't be dicked to do the math in my head, so I checked "Don't know", plus desu I don't know if compound interest is based off the initial interest minus the payments on the principal sum or interest after the remaining interest based off what you've already paid.
t. GED white trash working at a coffee shop
>>80913640
debt market
>>80913640
Bonds have prices like stocks do, and you can buy/sell/trade them similarly. If the price (value) of a bond you own goes up because interest rates fall, you can sell they bond for more than you bought it for.
Or you can wait until the bond matures and be paid the bond's initial value... I think it's called the "principal." When you buy a bond, you also get periodic interest payments from whoever borrowed your money, which is where the bond's value comes from.
Fuck you Nigger
>>80913294
ln is shorthand for natural logarithm, it's a function that's the inverse of e^x.
I scored 4 out of 6.
I had no idea that I was a fucking retard. My states average score was a 2.4; there must be a shit ton of flouride in the water supply.
>>80914085
So it's literally just credit that you can sell to people.
Jesus Christ thats risky as fuck.
>>80913294
https://en.wikipedia.org/wiki/Natural_logarithm
>>80914697
Yes, but just like stocks, risk varies depending on the borrower. US bonds are very low risk (high credit rating), pay minimal interest. Compare that to a start-up company raising money, or a Venezuelan govt bond
>>80900455
5/6 Everything but the bond question just like every single person in this thread. Am I stupid?
Ehh only got the bond question, everything else was just basic math.
>>80914925
Only got the bond question wrong*
>>80914906
But why would I buy US bonds when I can go the bank and have it place my money on say a 2.5% interest rate if I don't touch it for 2 years?
Are bond interests that higher?
>>80900455
6/6
I guess my business degree wasn't completely worthless afterall
6 out of 6
Think about it, if interest rates rise, that would mean that money is tight and investments are harder to make, meaning bonds have no backbone
>>80915053
Can't touch the money for 2 years, hence the elevated rate - that's the "risk" you take by putting your money in a CD. The value of bonds change with the market, meaning if you don't want to wait for your bond to mature, you can sell or trade it. It's really just a matter of what you want to happen to your money in the future which decides how you invest it, there is a lot of grey area between a right and wrong answer.
I should point out that I'm far from financially literate, I'm just explaining things as I understand them.
>>80900455
I'll be honest, I had to whip out a calculator. It's been years since I had to do compounding interest by hand, so I just shortened the process and called it a day.
>>80903299
>>80900455
Its not even a hard quiz
As a capitalist and non-millennial, I'm not surprised one bit.
6/6 but I have a background in economics. People shouldn't get upset over the bond question if they got it wrong.
>>80912133
American education everyone.
>>80915494
Well my bank allows me to basically withdraw the money by paying a cancellation fee thats like maybe 3% so at worst you eat 3% and if it's near end you eat like 0.5%
I don't understand what bonds are so I only missed that one
The rest is basically math and common sense
>>80908433
>http://www.usfinancialcapability.org/quiz.php
That was literally the easiest question.
True or false: Buying a single company's stock usually provides a safer return than a stock mutual fund.
What if I'm a savvy investor who is purchasing the stock of a Company for less than the value of their assets?
>>80915726
Yes, and you lose money.
good goys, don't study economics
>>80915534
Wow such math
1000$ - 20 %
1200$ - 20 %
1420$ - 20 %
1704$
You don't need to go beyond this you can tell already how fast it's growing.
>>80915901
And these bonds can't fail? Is always someone willing to pay for them?
Pretty sure you an end up with bonds nobody wants and nobody can pay off.
In my eyes the bank is safer because it has a much bigger safety net on defaulting.
>>80915697
That was the only one I got wrong.
I didn't feel like thinking it out because it's fucking late at night, so I just chose something random.
I feel pretty good about myself right now
I'm no good at maths, but I can see where people trip up.
I'd expect it to be the 20% interest question.
Not really surprised by this result, I'm doing 3 majors in business school.
>>80914697
It is, but if the cause is good people will take the risk.
The Golden Gate Bridge was funded in part by a municipal bond measure.
>>80916038
>bonds
They wont fail, unless you think the US economy will collapse.
6/6
>>80916593
What happened in 2008? With bonds I mean.
Wouldn't it take 3,8 years to double money rather than 3,6 at 20%?
2=1,2^n
ln(2)=nln(1,2)
ln(2)/ln(1,2)=n=3,8
>>80900455
That 1% interest 2% inflation is stupid.
The question Is about how much money you have, not the buying power of said money.
>>80916901
why the hell are you using logarithms to find 20% of $1000?
>>80916038
I mean, if the US needs to pay it just prints more money. Interest rates for a 2 year bond are like 0.66% lol. But when the bond hits maturity, you're extremely likely to get your principal back.
The difference is that a bond pays interest as the bond is maturing. If you have a $100 2-year bond at 0.66% you're getting $0.66 every time an interest payment is made (quarterly, annually, etc.)
Within the bond market, there are millions of bonds from all over the world with all different interest rates (and associated risk) to choose from. You can find interest rates closer to what you need to meet your financial goals, rather than letting the bank tell you "this is what we'll pay you."
You will never make meaningful money by sheltering all of your wealth from any risk, but if you're an old guy, maybe that's what you need. I'm not judging.
>>80913374
>>80913383
Except they didn't specify currently held assets vs future assets
First year econ major
6/6
Laughing at the retards using interest rate formulas for mental math.
>>80917325
I thought they were joking or baiting?
6/6
I have a bachelor of science in accounting and a master's degree in taxation. Get fucked, plebeians.
>>80917401
Trying to show their "superiority" by using high school pre-calculus formulas.
>>80917063
I'm not doing that, burger. I'm looking for how many times I need to multiply 1,2 by itself until it becomes 2. Also, didn't know about rule of 72. Interesting.
5/6
I feel fucking stupid.
>>80917325
rule of 72 works just fine
>>80917318
Literally what
Just google the relationship between bond price and interest rates. It's not fucking jewish rocket science
Never done taxes in my life, 6/6
1 everyone should get right
2 is pretty obvious
3 I can understand most people getting wrong, it was the one question I had to take a good 30 seconds to think about- am drunk though
4 is common sense
5 everyone should know
>dont put all ur eggs in one basket, m8
6 is basic grade school arithmetic
And 66% of our country can't pass this shit? We deserve president Hillary.
>>80900455
Humans aren't wired to understand finance, it's a relatively new concept. Only jews have evolved to cheat and steal through usury, it's the primary reason they pull the strings.
>>80917311
Oh no my problem is I like money and I hate losing it.
So I pick the most risk secure options that have fail safes
Naturally these never go over 5%
>>80917711
Carlin said it best, take the average American, and realize that 50% of the population is stupider than that.
It's sad.
5/6 missed the first question huehuehe
>>80917820
And I'm saying that's fine, just don't expect you're returns to out run inflation or anything.
>>80900455
Thank you, high school economics
>>80917830
Yeah but even someone like me- who's financially fucking retarded- was able to get 6/6. I shouldn't be scoring perfect, I should be the 50% that Carlin was talking about, when it comes to economics at least.
Then again I'm half Jew, so maybe this shit is just ingrained in me.
>>80900455
>Math major
got 6/6. shit is common sense. all you proud finance and econ majors are in denial your major is easy bullshit
>>80907221
NY state had me do it, it's required for graduation.
Yet our average is 2.91 right.
>>80916804
Here, you can compare the return of bonds with the return of the stock market.
http://bonds.about.com/od/bondinvestingstrategies/a/Stocks-And-Bonds-Year-By-Year-Total-Return-Performance.htm
>>80900455
6 out of 6. Anything lower is Berniefag tier.
>>80917687
I already know the relationship faggot. If interest rates rise, then the price of those bonds released will go up. That's the assumption I made. There was no reason for me to assume the question was referring to bonds currently held.
>>80917830
But how thats my main question...
I mean all of them went to school right?
This post here
>why the hell are you using logarithms to find 20% of $1000 >>80917063
You don't like 5000 years. You can literally compound interest by hand. At most you'll be paying it back 25 year and if not you're bankrupt anyways.
Take a calculator and just fucking use Result * interest rate.
Maybe it's because I'm European and our financial systems work differently but until 1 year ago I had an old PC a E6700 with a 460 GTX.
I waited until I got the money to buy a i7 6700k with a R9 390 that took quite some time but I got there.
I also had a Samsung Galaxy S2 2 weeks ago I bought a One Plus 3.
I bought these when I Had the money. My life didn't depend on owning a Galaxy S3 S4 S5 S6 S7 etc... I woudn't go out and take a load to get these.
I wouldn't go out and take a lone to buy a TV if mine didn't break down.
Or I'd take that master card 6 month or 12 month lone with no interest if it's payed monthly. And it is because it automatically withdraws money before you can spend it.
Why is everyone in America so full of loans and mortgages and car leasing and whatnot....
Why can't you guys wait till you get the money?
>>80900455
MONTANA WITH THE 3.78 EVERY OTHER STATE BTFO HOW WILL THEY EVER RECOVER?
>>80918435
How could the price of bonds that don't exist yet "rise"? You fucked up anon admit it.
>>80900455
5/6.
Not so bad.
>>80905861
I missed the bond question because I read bond value instead of bond price
>>80900455
I got bonds wrong.
>>80903299
I actually have no clue what bonds are. I just know its basically where you hand over gibs to the government and they pay you in the long run for it.
>>80918448
because the liberal educational system in many areas has failed and they don't want people knowing what's going on otherwise no one would take out massive loans that they couldn't afford.
Why are there so many alabama results in this thread? Is alabama a secret Pol oasis in the US?
5/6 wtf a bond
>>80918792
> the liberal educational system
What does this mean?
Btw we have all public schools and barely any private ones. School is 100% free and universities are free if you don't fail a year.
>>80918967
Liberal education pushes social justice bullshit general education courses, such as ethnic/gender studies, arts classes, etc. You're basically forced to take arts and humanities classes if you wanna get a degree in anything worthwhile, STEM/econ/finance/etc. They force feed their bullshit and brainwash you.
>>80918771
Not just govt. Corporate bonds exist as well. And yes they hand you a certain % every year as well as the full sum back in the end. Not the greatest right now since interest rates are low.
>>80918435
>I'm right and everyone else is wrong
Please hurry up and kill yourself
>>80903299
same here
>alabama is more financially literate than california
feels good
6/6 I honestly don't see how anyone could have failed this.
>>80919083
Okay thats horribly shit.
If you go STEM you should get as little as possible of all that literature/art/humanities shit as possible.
Whats worse you people pay for it too.
I went to an Electronics Engenering college.
I went to a math high-school where we had Croatian, English, Psychology, Arts, Music, Latin, Sociology and so on...
I can't tell you how much it transformed when I went ot uni and my classes were like
Linear Algebra , Math 1, Basic Electronic Engineering 1, Programing 1, Physics 1 and Engineering Graphics and documentation
Suddenly it's all fun.
>>80900455
6 out of 6. Basic common sense questions. Most Americans are retard, yourself included.
>>80919116
The more you know. Thanks leaf.
From what I remember from HS (I super senior'd) the bonds are held at a fixed interest rate for a couple of years. I thought you couldn't change the interest rates on them after the deals were finalized. It shouldn't matter too much provided the interest rates stay above the inflation rate.
This also clears up some of the murkiness of why the government is buying its own bonds.
>>80900455
I went in expecting everything to be a trick question and unsurprisingly failed.
>>80900455
I'm only 18 so I figured I'd do worse considering I've never invested in anything or had a loan.
If interest rates rise, what will typically happen to bond prices? Rise, fall, stay the same, or is there no relationship?
They fail to mention new bond prices or existing bond values.
When interest rates rise, bond prices fall. And when interest rates fall, bond prices rise. This is because as interest rates go up, newer bonds come to market paying higher interest yields than older bonds already in the hands of investors, making the older bonds worth less.
So the newer bonds cost more, so the price did rise.
What am i missing?
>>80919925
But I guess I did okay
>>80900455
6/6
Why aren't I a millionaire?
>>80911556
you get a gold star!
no tho, this is why i hate common core and modern education. To think you must do that and follow the exact steps to get an answer is absurd.
What happened to getting the answer as fast as possible and being able to know it w/o that b.s? If you can calculate something faster using another way, why bother with that way?
>goberment says it has to be this way or you fail!!
USA USA USA
>>80900455
5 right 1 wrong.
Missed the last one because I couldn't be bothered to actually calculate it and just guessed.
>>80920410
Jew,
Don't really care bout economic issues at all. I only give a shit about politics because I want the White Race to survive, everything else I can do without.
>>80905486
You shouldn't even need to write it out to be honest.
1000*1.2 = 1200
1200*1.2 = 1440
1440*1.2 = 1728
1728*1.2 = 2073
>>80919938
Bonds give back a fixed amount of money for the amount of time you hold them for but you can buy and sell bonds whenever you want and the amt of money they are worth depends on the current interest rate and the calculation for it is called the yield curve or some mumbo jumbo like that. Basically the crafty jews made it so that you can buy and sell your bond earlier before it matures and this is the bond market.
>>80921033
edit: depends on the current interest rate and amount of time left to maturity
>>80900455
Mexican here, was easy as fuck
A fucking teenager knows most of this.
>>80903299
Same. 5/6 here
>>80900455
6/6 but I'm an accountant and a financial auditor from a Big 4.
>>80900455
>http://www.usfinancialcapability.org/quiz.php
fuck out of here kike.
>>80913294
you can't cancel out the division of ln....
uhhh
dis question is raycis
>>80921956
>accountant and a financial auditor from a Big 4.
>in panama
kek
>>80900455
Argie here, 5 out of 6, quite happy, considering that I haven't studied economics.
>>80921956
>>80922381
less unlikely than you would think...
I got 5/6, I am not college educated. I got the bond question wrong.
I think it may have been worded to be intentionally confusing in some areas and it just tripped some dumber people.
Overall getting 3/6 is not really terrible, this info is not really important to most people.
>>80900455
>Financial Literacy
This shit is like 6 grade math.
>>80900455
6 out of 6, but i work in finance so i guess it's pretty easy
>>80922738
Oh I know it's true. That's why it's hilarious.
Tax evasion is a helluva thing.
fight me
>>80900455
you'd have to be a retard to get any of those wrong.
>>80903299
The mortgage question got me.
Shameful display really.
>>80923171
jesus man charge that phone
>>80903299
I got bond one wrong too.
I figured IR is the cost of borrowing money, so increased interest rates would mean higher returns on loans/bonds.
There reasoning was new bonds yield higher value so existing ones are worth less... That makes a lot of sense. Haven't touched any finance or econ classes in a decade so I guess that one mixed me up a bit -- kinda embarassing
Wow. Through nothing more than conversations with my dad and grandpa I would have passed all 6. If I was raised in a single mother home, I still would have passed 6/6 because we learned everything there is to know about personal finance in highschool math. I sound like a broken record some nights, but intellectual fetishization is really pissing me off. It demeans kids, they don't go on to use it, when they take it multiple times theyre wasting the systems resources, they get to uni unprepared after being pushed through and fuck with everyone else AGAIN. then they have the gall to bitch about quadratic functions and how the stupid fucking carpenter from down the hall just sold his first house by the time they pay their loans off? FUUUUUUUUUCK YOU. FUCK YOU FUCK YOU FUCK YOU. I fucking hate common core but some of these dumb fucks make me think we deserve it.
>>80920000
I'm literate... WHY ARENT I'S HEMINGWAYS!!!!
Anything less than 6 is nigger tier
>>80903299
>>80905745
>>80906647
>>80908259
>>80909771
>>80910281
>>80913692
>>80918771
>>80921799
See >>80912288
Learn about bonds.
Learn about derivatives, learn about:
- shares on the stock exchange (done electronically, used to have a physical location for ALL purposes)
- Futures
- Forward rate agreements
- Swaps
- Options (with floors, caps and collars - learn option trading strategies)
Then learn the difference between:
- Arbitrage
- Speculation
- Hedging
Then you'll begin to unravel the BIG LIE when you look up "ponzi scheme" with regards to the use of tax money and superannuation.
I got 5...I got the bonus question wrong
>>80917830
that's not how averages work lol
Got five, actually meant an other answer on one question just forgot to switch it by mistake so it's really 6/6. I'm an undergrad in economics though.
>>80924332
Want to get under"brad" I'll change my name to Brad and buy you panties lol
>>80900455
6 outta 6 mi familia.
>>80900455
That was easy as shit.
>>80900455
Nigger take IQ and post here
https://soundcloud.com/couchtruthing/lynch-factory
>people pretending like they got a good score by looking up the answers
yeah okay lol
>>80900455
They call us Scots Crypto Jews for a reason.
>>80911556
You have very beautiful hand-writing, anon.
I want to make love to you.