This Finance Quiz Will Tell You If You Can Turn $100 Into $1,000,000
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So you think you’re a regular Wolf of Wall Street, eh? You not only love money, but you know how to make it work for you. A penny saved is a penny earned, but a penny stock that turns blue chip is a whole different ball game.
Do you have the financial skills to strike it rich? Only the most thrifShow More
So you think you’re a regular Wolf of Wall Street, eh? You not only love money, but you know how to make it work for you. A penny saved is a penny earned, but a penny stock that turns blue chip is a whole different ball game.
Do you have the financial skills to strike it rich? Only the most thrifty and monetarily savvy can effectively transform a $100 bill into mountains of cash. Are you one of the select few who will someday sit in the boardrooms across the world, movin’, and shakin’? Take this quiz and find out if there’s a chair and a muffin reserved for you!
These questions are not for the faint of heart – or wallet. This is real-deal money management on display, and if you can’t hack it, we’ll have no choice but to show you the door.
Share your results, and don’t forget to take a friend who will cash a favor when you’re rich!
Congrats! You've got $100. What's the first thing you're gonna do with it?
- Break the bill
- Pay a bill
- Take myself out to lunch
- Put it in the bank
You've decided not to spend it yet. Where's the safest place to keep the $100?
- Saving’s account
- Shoebox in the closet
- A stock
- A bond
Okay, this $100 bill isn't growing yet. Where's a risk-free place to put this Benjamin?
- Blue-chip stock
- Penny stock
- CD account
- T-bill
If you want to invest the $100 in oil and gas, which index should you choose?
Your friend from Kindergarten wants you to invest the $100 in their startup. What do you do?
- Ignore my friend
- String them along, but never make a deal.
- Perform due diligence on my friend’s finances, vision, and potential market capitalization.
- Invest $50 for a 20% equity stake.
Retirement is closer than you think! How much can you contribute to your IRA each year?
- $3,000
- $5,000
- $6,000
- Unlimited contributions
Always good to save for emergencies! How much of the $100 should you put aside in case?
- Whatever I can spare.
- $50
- $75
- $95
There's a stock on your radar you'd like to buy. Who should you contact?
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Getty
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Getty
Which of the following is NOT insured by the FDIC?
- Checking Account
- Savings Account
- Money Market Account
- CD Accounts
Investing with "borrowed" money is typical of which kind of fund?
- Mutual Fund
- Hedge Fund
- Insurance Fund
- Slush Fund
Your financial advisor recommends Private Equity. How is this different than the Stock Exchange?
- The companies are so big only private clients can purchase equity.
- The companies are going out of business.
- The companies are unlisted and privately traded.
- The companies are public companies looking to go private.
Congrats! You just received a big dividend on your investment. How should you spend it?
- Donate to charity for tax purposes.
- Stock buybacks
- Put it in a savings account.
- Invest in a struggling business.
If you want to earn more passive income, it's best to park your money in ______
- Horses
- T-Bills
- Real Estate
- Futures
- Swaps
If you want to make money off a stock losing value, which position should you take?
- The Long
- The Short
- The Medium
Which of the following is a "diversified" portfolio?
- Stocks, bonds, commodities
- Oil, gas, coal
- Apple, Facebook, Google
- Solar, Wind, Agriculture
If you need more capital to grow your $100, where should you turn?
- A Bank
- A pawn shop
- A Hedge fund
- Tap into 401k
Your brother-in-law gives you a tip on a "hybrid investment." Care to elaborate?
- A product with equity and debt features.
- An investment in green energy.
- Stocks, bonds, real estate wrapped into one.
- A low-risk mutual fund.
Which of the following stocks will bring you the biggest ROI within a year?
- Municipal Bonds
- Credit Card Points
- Dividend Stocks
- Fixed Annuity
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