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Money News

Quizzical Education, Vol. 19: Test Your Money News IQ

September 13, 2018

1 min read

Test your knowledge of some of the most important news stories involving money. This week, see if you know whether or not men take more investing risks than women, how much money the NFL makes, and how old you need to be to open a bank account.

Find out in the 7 questions below:

1/7
Quiz
 

Football’s back! What was the NFL’s estimated total revenue in 2017?

$25 billion
$14 billion
$10 billion
$525 billion

It’s estimated that the NFL brought in $14 billion in revenues last year—though that’s only an estimate because it’s a private organization and isn’t required to report sales.

Read more: Go Deep! Football is America’s Favorite Sport, and a Money-Making Machine

2/7
Quiz
 

You just got a new job! What should you consider NOT doing?

Enroll in your employer’s 401(k) program
Start saving up for an emergency fund
Create a new budget
Buy a new car with a sticker price equal to your new annual salary

First order of business when you get a new job? Create a budget. Buying a car probably shouldn’t be on your list—at least, not at the top of it.

Read more: What To Do When You Get Your First “Real” Full-Time Job

3/7
Quiz
 

Do men make riskier investments on average? Why?

No, men and women tend to have similar risk profiles
No, because men tend to be politically more conservative
Yes, because men are reckless, testosterone-fueled barbarians
Yes, because men tend to “go with their guts” when investing

Men and women tend to have similar risk profiles when investing, according to an analysis by the Stash data team. Interestingly, women tend to see themselves as more conservative investors, but in practice, they’re not.

Read more: Are Women Better Investors? Stash Data Flips Gender Stereotypes

4/7
Quiz
 

Which of the following is NOT a rule concerning custodial accounts?

At age 18, a minor takes control of a custodial account
A custodian must take a janitorial shift once per year at a bank
They’re technically called “Uniform Gifts to Minors Act” accounts
There is a limit to how much you can contribute annually, before triggering a penalty

A custodian does not have any actually custodial duties when it comes to custodial accountsat least not in a sense that they have to act as a janitor. They do, however, have responsibilities over the actual savings account.

Read more: How to Save For Your Kids’ Future

5/7
Quiz
 

What is true about a portfolio containing only one investment?

It’s guaranteed a positive return
It is diversified
It has a higher likelihood of outperforming the market
It’s not diversified

If your portfolio has only one investment, it is not diversified. In fact, there’s nothing diverse about it at all. A portfolio with numerous bonds, stocks, and funds, on the other hand, is likely to be well-diversified.

Read more: Should I Consider Investing in a Single Stock or ETF on Stash?

6/7
Quiz
 

What percentage of American workers are actively “disengaged” while at work—or, in other words, are bored out of their minds?

85%
15%
50%
35%

If you’re bored at work, you’re not alone. Industry data indicates that the vast majority—85%—of American workers are “disengaged” on the clock.

Read more: How to Declare Financial Independence From Your Employer

7/7
Quiz
 

How old do you have to be to open a bank account, on your own, at most financial institutions?

16
13
21
18

At most banks, you have to be 18 to open your own account. Otherwise, you’ll need an adult co-signer, or co-owner, to open it with you.

Read more: How Old Do You Have to Be to Open a Bank Account?

 
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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.

By Sam Becker
Sam Becker is Stash's financial writer.

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