Free financial literacy test, twenty questions in five blocks — spending, scams, borrowing and tax, the economy, investing. Every wrong answer comes back with the right one and a line of why.
Money IQ Test is a single-player financial literacy quiz with twenty questions in five blocks: spending, scams, borrowing and tax, the economy, and investing. Each block has four questions. Complete all five to build a picture of the knowledge you can practise next. A round usually takes two to four minutes, with extra time if you read explanations or review answers.
Press start and click or tap one of four answers, or use Tab to focus a choice and Enter or Space to select it. Each question gives you 15 seconds, with no speed bonus. A wrong answer or timeout reveals the correct answer and an explanation; press continue when ready. After every four questions, inspect the block seal before moving on. Hiding the page pauses the clock; returning resumes play. If a pause screen remains, press resume.
Each block has two starter questions, one basic question and one advanced question. Correct answers earn 100, 130 and 160 base points respectively. Every three consecutive correct answers add 0.5 to the multiplier for subsequent answers, up to 3×. Multiply the base value by the current multiplier and round to the nearest integer. Mistakes and timeouts earn no points and reset the streak, but never remove existing points or eliminate you.
Finish all five blocks to see the result. Four, three, two or zero to one correct answers in a block produce a Full, Solid, Gap or To fill seal respectively. Overall grades use accuracy: S at 95%, A at 85%, B at 70%, C at 50%, otherwise D. A best streak of at least ten adds five percentage points for grading. Seals depend only on block accuracy, not points or streaks. There is no pass mark, and the result is a practice snapshot rather than a formal ability assessment.
Review every question, answer and explanation after finishing. Play again draws another set, trying to reduce recent repeats. Progress and your best score are stored in the current browser and cannot be recovered from that storage after clearing it or switching devices. Share a round link to let someone using the same language play the same questions; no salary, savings or debt information is needed.
English and Chinese are independently written language packs. Universal concepts such as compound interest and unit prices use consistent calculations. Regional questions use US context in English and mainland Chinese context in Chinese, with the relevant setting identified in the question or explanation. The same round number need not produce the same questions across languages.
Interest joins the balance, so next year's interest is paid on a bigger number. At 2% a year added once a year, $100 is $110.41 after five years, not $110.
Source: FV = P(1+r)^n, interest added once a year
Dividing 72 by the yearly rate estimates the years to double: 72 over 6 gives about 12 against an exact 11.90. It is an approximation, closest between 4% and 10%.
Source: Rule of 72 against ln2 / ln(1+r)
At 3% a year, $1,000 buys after ten years what $744.09 buys today. The balance never moved, which is why the loss never shows on a statement.
Source: PV = P / (1+i)^n, on a consumer-price basis
A second item at half price is a quarter off the pair, not half. Pack sizes need the same treatment: $25 for 500g is $5.00 per 100g, $33 for 750g is $4.40.
Source: Unit price = price / quantity
The US limit is $250,000 per depositor, per insured bank, for each ownership category — not per account. Funds and annuities bought at a bank are not insured deposits.
Source: FDIC, 12 C.F.R. Part 330; "Insured or Not Insured?", 2024
Most negative information may be reported for seven years, and each nationwide agency owes you a free copy of your file at least once every twelve months.
Source: Fair Credit Reporting Act, 15 U.S.C. §1681c and §1681j
Only the income above a threshold pays the higher rate, so crossing a bracket never leaves you with less. Assume 10% to $10,000 and 20% above: $12,000 owes $1,400.
Source: Progressive brackets, rates stated in the question
Spreading holdings removes the risk of one name, not the risk of the whole market falling. Ten shares from one industry meet the same forces and fall together.
Source: Idiosyncratic risk against market risk
It is a scored check of how well you handle everyday money decisions. This one runs twenty questions across five areas — spending, scams, borrowing and tax, the economy, investing — and stamps a seal on each area as you finish it, so the result says which area is full and which has a gap rather than giving one number.
The honest answer is that four questions per area is a spot check, not a measurement of you. What a test like this can tell you is narrower and more useful: which knowledge points you already have and which one you missed, with the correct answer and a line of why for every question you got wrong.
It is free and there is no account, no download and no email. It runs in the browser, and you never type a figure of your own — every question is four choices, so there is no field to enter a salary, a balance or a debt.
Twenty questions, two to four minutes. They arrive as five blocks of four, and each block ends with a seal, so the round breaks into five short runs instead of one long list. Each question has 15 seconds, and answering faster does not score more.
Yes, on the spot. A wrong answer or a timeout opens the correct answer and one line of why underneath the options, before you can move on, and every question is listed again with its explanation at the end of the round.
They are written for this test, and every figure a question shows is traceable. The arithmetic — compound interest, unit price, the rule of 72 — is checked figure by figure against the published method, and rates appear as assumptions written into the question rather than as readings of any real market. Legal figures such as the deposit insurance limit and the credit-file retention period are recorded with their source and year.
There is no pass mark here. The grade band runs S to D on accuracy, with a bonus for a long streak, but the part worth reading is the five seals: a full seal means every question in that area landed, and a gap means half did. That points at what to learn next, which a single percentage cannot.
Quiz-style browser games are the practical answer: a round takes a few minutes, needs no signup, and a wrong answer returns the right one with a short explanation instead of just a cross. Money IQ Test is the broad way to test your money knowledge — five areas in one round — and the other games on MoneyGym go deeper into a single area.
