This Finance Quiz Will Tell You If You Can Turn $100 Into $1,000,000 (2024)

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So you think you’re a regular Wolf of Wall Street, eh? You not only love money, but you know how to make it work for you. A penny saved is a penny earned, but a penny stock that turns blue chip is a whole different ball game.

Do you have the financial skills to strike it rich? Only the most thrifShow More

So you think you’re a regular Wolf of Wall Street, eh? You not only love money, but you know how to make it work for you. A penny saved is a penny earned, but a penny stock that turns blue chip is a whole different ball game.

Do you have the financial skills to strike it rich? Only the most thrifty and monetarily savvy can effectively transform a $100 bill into mountains of cash. Are you one of the select few who will someday sit in the boardrooms across the world, movin’, and shakin’? Take this quiz and find out if there’s a chair and a muffin reserved for you!

These questions are not for the faint of heart – or wallet. This is real-deal money management on display, and if you can’t hack it, we’ll have no choice but to show you the door.

Share your results, and don’t forget to take a friend who will cash a favor when you’re rich!

1

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Congrats! You've got $100. What's the first thing you're gonna do with it?

Ready?Scroll down to answer

• Break the bill
• Pay a bill
• Take myself out to lunch
• Put it in the bank

2

You've decided not to spend it yet. Where's the safest place to keep the $100?

Ready?Scroll down to answer

• Saving’s account
• Shoebox in the closet
• A stock
• A bond

3

Okay, this $100 bill isn't growing yet. Where's a risk-free place to put this Benjamin?

Ready?Scroll down to answer

• Blue-chip stock
• Penny stock
• CD account
• T-bill

Ready?Scroll down to answer

• 

  S&P 500

• 

  NASDAQ

• 

  Dow Jones

5

Your friend from Kindergarten wants you to invest the $100 in their startup. What do you do?

Ready?Scroll down to answer

• Ignore my friend
• String them along, but never make a deal.
• Perform due diligence on my friend’s finances, vision, and potential market capitalization.
• Invest $50 for a 20% equity stake.

6

Retirement is closer than you think! How much can you contribute to your IRA each year?

Ready?Scroll down to answer

• $3,000
• $5,000
• $6,000
• Unlimited contributions

7

Always good to save for emergencies! How much of the $100 should you put aside in case?

Ready?Scroll down to answer

• Whatever I can spare.
• $50
• $75
• $95

Ready?Scroll down to answer

• 

  Your Banker

• 

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  Your Broker

• 

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  Your Accountant

9

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Which of the following is NOT insured by the FDIC?

Ready?Scroll down to answer

• Checking Account
• Savings Account
• Money Market Account
• CD Accounts

10

Investing with "borrowed" money is typical of which kind of fund?

Ready?Scroll down to answer

• Mutual Fund
• Hedge Fund
• Insurance Fund
• Slush Fund

11

Your financial advisor recommends Private Equity. How is this different than the Stock Exchange?

Ready?Scroll down to answer

• The companies are so big only private clients can purchase equity.
• The companies are going out of business.
• The companies are unlisted and privately traded.
• The companies are public companies looking to go private.

Ready?Scroll down to answer

• Donate to charity for tax purposes.
• Stock buybacks
• Put it in a savings account.
• Invest in a struggling business.

13

If you want to earn more passive income, it's best to park your money in ______

Ready?Scroll down to answer

• Horses
• T-Bills
• Real Estate
• Futures
• Swaps

14

If you want to make money off a stock losing value, which position should you take?

Ready?Scroll down to answer

• The Long
• The Short
• The Medium

15

Which of the following is a "diversified" portfolio?

Ready?Scroll down to answer

• Stocks, bonds, commodities
• Oil, gas, coal
• Apple, Facebook, Google
• Solar, Wind, Agriculture

16

If you need more capital to grow your $100, where should you turn?

Ready?Scroll down to answer

• A Bank
• A pawn shop
• A Hedge fund
• Tap into 401k

17

Your brother-in-law gives you a tip on a "hybrid investment." Care to elaborate?

Ready?Scroll down to answer

• A product with equity and debt features.
• An investment in green energy.
• Stocks, bonds, real estate wrapped into one.
• A low-risk mutual fund.

18

Which of the following stocks will bring you the biggest ROI within a year?

Ready?Scroll down to answer

• Municipal Bonds
• Credit Card Points
• Dividend Stocks
• Fixed Annuity

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