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Money News

Quizzical Education, Vol. 18: Test Your Money News IQ

September 06, 2018

1 min read

Test your knowledge of some of the most important news stories involving money. This week, see if you know how high beer prices have climbed in recent years, what an “IPO” is, and what percentage of graduate students are going into debt to fund their educations.

Find out in the 7 questions below:


Beer prices climbed more than __% between 2006 and 2016.


Beer prices are up more than 50% over the past 12 years. One of the primary reasons is that demand for hops and barley—two primary ingredients in many beers—has gone through the roof.

Read more: Cheers! All About The Beer Industry


What is the term used to describe a risk-sharing network combined with a crowdsourcing network?

An initial public offering
Peer-to-peer insurance
Draft Kings

The answer is a peer-to-peer insurance network. These networks involve a group of individuals pooling their premiums to insure against risk—all without a premium provider taking a cut.

Read more: What is Peer-to-Peer or P2P Insurance?


What is a key difference between online banking and mobile banking?

Online banking requires you to go to a physical bank branch
Mobile banking can be carried out with carrier pigeons
Mobile banking is only available in airports, bus terminals, and train stations
Mobile banking is primarily done on a smartphone or tablet computer

Though similar, the main difference between online and mobile banking is that mobile banking is conducted through a mobile device, like a smartphone or tablet, rather than a desktop or laptop computer.

Read more: What’s the Difference Between Mobile and Online Banking?


In which state is it cheapest to get divorced?


If you’re looking to dissolve a marriage in the U.S., Wyoming is the cheapest states, on average. California, conversely, is the most expensive state.

Read more: ‘I Don’t’: The Unexpected Costs of Divorce


It's typically recommended that you have at least $___ saved up for retirement by age 65.

$1 million
$1.2 million

The AARP recommends you have between $1.2 million and $1.5 million stashed away for retirement by the time you turn 65. Of course, your target number can be smaller (or bigger) depending on your personal retirement goals.

Read more: How Much Do I Need to Retire By Age 65?


More than __% of graduate students take out student loans to pay for school.


More than three-quarters of graduate students go into debt to fund their educations. One primary reason is that grad students don’t qualify for the many federal educational grants that undergraduates do qualify for.

Read more: What You Need to Know About Grad School Loans


REFRESHER: What does “IPO” stand for?

Initial public offering
Initial protections offered
Indications of public obstruction
Indications of public offense

The answer is initial public offering. An IPO, or a company “going public,” is the first time a company sells shares to the public through a stock exchange.

Read more: Jargon Hack: What’s an IPO?


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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.

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