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. 7: Test Your Money News IQ

June 21, 2018

1 min read

Test your knowledge of some of the most important news stories involving money. This week, see if you know the name of the artificial intelligence platform that’s making investment decisions, how much money some people think you should have saved up by the time you turn 35, and what the Federal Reserve has been up to–that may end up costing you.

Find out in the 7 questions below:


“FIRE” is an acronym for a growing retirement trend. What does it stand for?

Financial instructions for really easy (retirement)
Fluctuating income, really ebbs
Financial independence, retire early
Financial independence, relax earlier

“FIRE” stands for financial independence, retire early. The movement is characterized by folks looking to leave the workforce as early as possible. Typically, this involves saving between 50% and 70% of their income and stashing it in retirement accounts and investments. Another way to think of it? “Extreme Couponing” for retirement.

Read more: Meet FIRE: ‘Extreme Couponing’ For Retirement Planning


On June 12, a federal court ruled that these two companies can merge, despite objections from the Trump administration, making way for a potential domino effect of more mergers in the media industry.

AT&T and Verizon
AT&T and Time Warner
Comcast and 21st Century Fox
Verizon and NBCUniversal

AT&T and Time Warner, which received the green light from a federal judge to proceed with an $85 billion merger. The merger was opposed by the Trump administration, citing fears about monopolization and consolidation in the media industry. The judge ruled in favor of the merger, however, paving the way for the largest merger in decades.

Read more: AT&T’s Blockbuster Deal with Time Warner


The gaming industry held one of its largest annual events, called ____, last week. Developers showed off a number of new games, including “Fallout 76,” “Halo Infinite,” and “Super Smash Bros. Ultimate.”


E3, also known as the Electronic Entertainment Expo. 2018 marked the 24th E3, and the sector’s biggest players–namely Nintendo, Sony, and Microsoft–showed that the industry is likely to keep growing.

Read more: E3 2018: Takeaways From the Gaming’s ‘Battle Royale’


More merger madness! Another media company increased its bid for the assets of 21st Century Fox. This happened, despite 21st Century Fox already agreeing to sell its assets to yet another media conglomerate, Disney.


Comcast upped its bid for 21st Century Fox, offering a reported $65 billion in cash. That’s up from its original offer of $60 billion, levied in May, and significantly more than the $52 billion that Disney offered in December.

Read more: Merger Mania! Why Disney and Comcast Are Fighting Over Fox


There’s a lot of advice out there for new graduates, but for most people, the first step toward building a solid financial future is to create a ___ in order to track income and expenses.

Emergency fund

You should create an emergency fund. But first, you should build a budget, which will help you see how much you’re earning and what you’re spending it on. For new grads, this can be particularly important, as getting in the practice of budgeting is one of the healthiest financial habits you can cultivate.

Read more: What I Wish I Knew About Money After Graduation


The Federal Reserve once again raised this--which means that borrowing money is going to get more expensive.

The money supply
Student loan forgiveness threshold
The debt limit
Interest rates

The Fed raised interest rates yet again, the fifth time since 2017. Rates will increase by a quarter of a percentage point to between 1.75% and 2.00%, meaning that the cost of borrowing is going up.

Why is the Fed doing it? One reason is to combat inflation.

Read more: Borrowing Money is About to Get More Expensive. Here’s Why


A financial meme recently made the rounds on the internet, based on the premise that you should have ___ your salary saved up by the time you turn 35.

A quarter

You should have twice your salary saved up by the time you turn 35. At least that’s what the meme says. This snippet of advice isn’t bad, necessarily, but many people find it unrealistic, and a number of people mocked the notion, helping it gain traction on social media.

Read more: Don’t Have Double Your Salary Saved by 35? What To Do if You Live in the Real World


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
Retirement market news love and money politics social media

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