StashLearn
Get the app
Get the app

Join millions of investors on Stash

Investing, simplified

Start today with as little as $5
Get the app
Money News

Quizzical Education, Vol. 14: Test Your Money News IQ

August 09, 2018

1 min read

Test your knowledge of some of the most important news stories involving money. This week, see if you know the difference between gross and net income, what it’s called when you “rent” out an investment, and which company became the first to achieve a $1 trillion valuation.

Find out in the 7 questions below:

1/7
Quiz
 

This company regularly rakes in more than $8 billion in revenue annually and has a number of tricks and tools it uses to drive your inner impulse shopper.

Pennzoil
Amazon
Facebook
QVC

The answer is QVC, the home-shopping television network that broadcasts 24 hours a day. The network has crafted a careful formula over the years that drives viewers to make purchases—through physical cues, countdowns, etc.—and has even led to some cases of QVC “addiction”.

Read more: The Psychological Trick Companies Like QVC Use to Get Your Money

2/7
Quiz
 

What’s the difference between gross income and net income, in regard to your personal finances?

G.I. is how much money you make; N.I. is how much you receive after taxes and deductions.
G.I. is your paycheck minus 401(k) deductions; N.I. is your paycheck minus the water bill.
G.I. is money received after taxes; N.I. is how much you’re saving.
G.I. is equal to total deductions; N.I. is what you pay for social services.

Your gross income is your total earnings or the amount of money you make before any deductions. Your net income is how much you receive after taxes and other deductions, such as Social Security and Medicare–or, how much you actually see on your paycheck. It’s an important distinction that can help you create and maintain a budget.

Read more: How to Save Money with a Budget

3/7
Quiz
 

What type of property can you purchase, that previously housed some of the U.S. government’s most secretive (and maybe scariest) inventions?

Military base
Missile silo
Underwater lab
Airplane hangar

The answer is missile silo—though you may be able to find an old airplane hangar for sale, too. People are purchasing old missile silos, which previously housed nuclear missiles during the Cold War, and turning them into living quarters.

Read more: Would You Retire to an Old Missile Silo?

4/7
Quiz
 

A financial therapist might be able to help individuals with which of the following conditions:

Acne
Hypochondria
Claustrophobia
Hoarding

The answer is hoarding, which is a condition in which people have trouble letting go of things they view as storing value—thus, the financial angle and would be a reason to make an appointment with a financial therapist. 

Read more: What is a Financial Therapist? And Should I Get One?

5/7
Quiz
 

REFRESHER: What does “ETF” stand for?

Envelope the financials
Everything that floats
Exchange-traded fund
Exact-targeted fund

The answer is an exchange-traded fund, and as an additional refresher, ETFs are baskets of investments pooled together to create a single fund, similar to a mutual or index fund.

Read more: ETF vs. Index Fund vs. Mutual Fund: What’s the Difference?

6/7
Quiz
 

Which state was named the best to retire to, according to industry data?

South Dakota
Wyoming
Florida
Arizona

South Dakota is the best state in the U.S. for retirees, according to rankings from Bankrate.com. What makes SoDak so great? A combination of safety, good health care options, and a low cost of living.

Read more: The 10 Best States to Retire

7/7
Quiz
 

Which company recently became the first to cross the $1 trillion market cap?

Apple
Amazon
Walmart
Microsoft

Apple broke the $1 trillion mark recently, after releasing a strong Q3 financial report. It is the first company to reach this record valuation.

 
Quiz
 

You scored 
Share this quiz with others!
Next Question

By Sam Becker

*The results of this quiz does not imply any level of skill or training on the part of any customer. The content of this quiz is for educational purpose only.

Investment Profile

Bonds Worldwide

An International Bond ETF on Stash

Learn more
Explore more articlesChoose a topic to learn more about
Careers social media love and money pop culture Retirement
Disclaimers

This material has been distributed for informational and educational purposes only, represents an assessment of the market environment as of the date of publication, is subject to change without notice, and is not intended as investment, legal, accounting, or tax advice or opinion. Stash assumes no obligation to provide notifications of changes in any factors that could affect the information provided. This information should not be relied upon by the reader as research or investment advice regarding any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

Furthermore, the information presented does not take into consideration commissions, tax implications, or other transactional costs, which may significantly affect the economic consequences of a given strategy or investment decision. This information is not intended as a recommendation to invest in any particular asset class or strategy or as a promise of future performance. There is no guarantee that any investment strategy will work under all market conditions or is suitable for all investors. Each investor should evaluate their ability to invest long term, especially during periods of downturn in the market. Investors should not substitute these materials for professional services, and should seek advice from an independent advisor before acting on any information presented. Before investing, please carefully consider your willingness to take on risk and your financial ability to afford investment losses when deciding how much individual security exposure to have in your investment portfolio.

Past performance does not guarantee future results. There is a potential for loss as well as gain in investing. Stash does not represent in any manner that the circumstances described herein will result in any particular outcome. While the data and analysis Stash uses from third party sources is believed to be reliable, Stash does not guarantee the accuracy of such information. Nothing in this article should be considered as a solicitation or offer, or recommendation, to buy or sell any particular security or investment product or to engage in any investment strategy. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. Stash does not provide personalized financial planning to investors, such as estate, tax, or retirement planning. Investment advisory services are only provided to investors who become Stash Clients pursuant to a written Advisory Agreement. For more information please visit www.stashinvest.com/disclosures.