How much do you REALLY know about personal finance? Experts from a leading industry body for finance professionals, the Chartered Institute for Securities & Investment, have compiled a quiz to help you find out.
Taking it will help improve your knowledge whatever score you get, since learning the correct answers will provide a wealth of information to inform your future money decisions.
The questions are based on a book aimed at explaining personal finance to 16 to 25-year-olds – #yourmoney: Everything you Need to Know about Earning, Spending and Saving, written by Jeanette A Lichner and supported by CISI.
But don’t assume that means the quiz will be a doddle for older and wiser This is Money readers. It will challenge people of all ages… and it gets harder as it goes along.
After you finish the questions, scroll down to find out more about #yourmoney, then head to the comments section to share your score with other readers.
#yourmoney is aimed at 16-25 year olds, but is not limited to that age group. Author Jeanette A Lichner is a finance industry consultant, with a background in banking and job stints at Price Waterhouse and Morgan Stanley during her career.
Personal finance handbook: #yourmoney by Jeannette A Lichner, pictured, was first published in 2012 but the current edition has been updated to include facts and figures for the 2017/2018 financial year