Financial Literacy Month preparation quiz

Financial Literacy month prep quizApril is Financial Literacy Month, so we thought you might benefit now from a test of your acumen. This will help you determine what topics you need to bone up on for the month ahead, so that by the time April 1 rolls around, you'll be ready to prove your financial literacy.

Here are 10 quick questions to probe your knowledge:

A. Warren Buffett is
  1. The most popular family restaurant in Northeastern Ohio
  2. Public entitlement programs supported by the Warren Court decisions
  3. The billionaire chairman and CEO of Berkshire Hathaway
  4. A device to rid your yard of rabbits

B. The CARD act
  1. Legalizes online poker in the U.S.
  2. Creates a new form of identification for aliens
  3. Puts new regulations on the credit card industry
  4. Is an acronym for the organization Cap America's Reckless Debt
C. Above water means
  1. Standing on the railing of the Golden Gate Bridge, staring down
  2. That portion of your portfolio that is too lifeless to sink
  3. When the value of a company's asset exceeds its book value
  4. Any investment sexier than plain old water
D. A "put" is
  1. A golf shot on the short grass surrounding the cup
  2. A contribution to a mutual fund
  3. The act of releasing a shot in a track meet
  4. A option granting the right to sell the underlying futures contract
E. A skimmer is
  1. A loan office manager that receives a cut from every loan granted
  2. A stock exchange runner who transports messages when the system is down
  3. A device scam artists place over the card slot in ATMs to steal card numbers
  4. A type of powerboat favored by tax cheats
F. A reverse mortgage is
  1. A mortgage rewritten in iambic pentameter
  2. A loan on a motor home
  3. An arrangement in which a homeowner borrows against the equity in his/her home to receive regular monthly payments from the lender
  4. Where a homeowner loans the bank money, with the bank building serving as collateral.
G. Marginal benefit is
  1. Free government butter substitute
  2. The additional satisfaction that a person receives from consuming an additional unit of a good or service
  3. Money made by buying stocks on margin
  4. A fund raising event for those marginalized on Wall Street by the recession
H. Gap Insurance is
  1. Insurance that pays in the case of a fashion disaster
  2. Products sold by Cumberland Insurance
  3. A type of auto insurance
  4. Dental insurance that pays for bridges and tooth implants
I. Keiretsu is
  1. Striped bass sushi
  2. Left fielder for the Seattle Mariners
  3. A Japanese term describing a loose conglomeration of firms sharing common interests.
  4. Japanese term equivalent to "I've got your bailout, right here."

J. Quant Fund is
  1. Nickname for The Squanto Fund, sold by Pilgrim and Wayne
  2. An investment fund that selects securities based on quantitative analysis
  3. The spurious investment offered by Harpo, Chico, Zeppo and Groucho Marx in the film, Coconuts
  4. Charitable fund in memory of little Jimmy Quant, who in 1921 vowed to never leave Wrigley Field until the Cubs won the World Series. His bones are still in section A14.
Answers: A3, B3, C2 or 3, D4, E3, F3, G2, H3, I3, J2
Thanks to Investopedia
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