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?
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?
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.
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.
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.
REFRESHER: What does “IPO” stand for?
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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*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.