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Money News

Quizzical Education, Vol. 15: Test Your Money News IQ

August 16, 2018
weekly news quiz

1 min read

Test your knowledge of some of the most important news stories involving money. This week, see if you know which CEO of a car company recently sent shockwaves through the Twittersphere, how many Americans plan to work past the retirement age, and which Stash feature you can use to double your savings rate.

Find out in the 7 questions below:

1/7
Quiz
 

This CEO plans to take his car company private, which would remove it from the Nasdaq, where it trades.

James Hackett
Elmer J. Fudd
Elon Musk
Lee Iacocca

Tesla CEO Elon Musk floated the idea of taking electric car maker Tesla private last week on Twitter, which briefly led to a halt in trading for Tesla stock. While it’s still unclear if Musk’s idea was serious, his tweet has led to potential legal action from some shareholders seeking clarification.

Read more: Money News Elon Musk May Take Tesla Private: What Does That Mean?

2/7
Quiz
 

What percentage of Americans plan to work past retirement age?

15%
25%
52%
74%

Nearly three-quarters of Americans plan to work past the retirement age of 65—either because they want to, or because they don’t have enough money to retire, according to data from the Bureau of Labor Statistics. That means fewer Bird Bingo games.

Read more: What To Do When You’ve Retired: Hobbies and Adventures Await

3/7
Quiz
 

Which social media company saw its first-ever quarterly decline in users last week?

Instagram
Twitter
Facebook
Snapchat

Snapchat released its Q2 earnings, and while the company beat some expectations, the negative mark was a decrease in daily active users. Analysts had expected the company to report 192 million users—an increase of 1 million over Q1. Instead, the number of users dropped to 188 million.

4/7
Quiz
 

Which of the following is NOT an actual form of financial aid for college students?

Opportunity Tax Credit
“Make Me More Smarter” Moneygram
Lifetime Learning Credit
Pell grant

The “Make Me More Smarter” Moneygram doesn’t exist—so don’t bother trying to find a way to apply for it, college students. Instead, look at Pell grants (if you’re an undergraduate), and take advantage of related tax breaks.

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

5/7
Quiz
 

Disney’s latest earnings report disappointed Wall Street last week, with some losses in the company’s studio division. What was the culprit?

Disney lost the rights to the Mickey Mouse character
“Toy Story 4” being delayed
The company canceled several unnamed projects and closed an animation studio
“Star Wars” fans are losing interest and watching “Star Trek” instead

While Disney’s studio division produced box-office hits including new entries in the Star Wars series, and Marvel movies including “Black Panther,” but ended up canceling a number of other unnamed projects and shuttering a studio, leading to losses. 

6/7
Quiz
 

Which of the following social media networks has the highest percentage of users in the U.S.?

Facebook
Instagram
LinkedIn
Twitter

More than two-thirds of Americans use Facebook, according to data from Pew Research Center. Instagram, which is owned by Facebook, is used by 35% of U.S. consumers, which puts it in second place.

Read more: The Stash Guide to Investing in Social Media Stocks

7/7
Quiz
 

Cover your stash: On average Stash users that use this feature for a year save more than twice the amount of users who don’t.

Stash Coach
Retire
Auto-Stash
Automatic downloads of the “Teach Me How to Money” podcast

The answer is Auto-Stash, a feature that makes saving and investing automatic. Tap it, set it, and you’ve got your savings on automatic. You can save $5, $10, or as much as you want, when you want, where you want. Stash customers who had Auto-Stash turned on for a year saved $1,432, while those who didn’t saved $665.59, or less than half as much, according to data studied by Stash.

Read more: Auto-Stash Can Help You Double Your Savings

 
Quiz
 

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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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