How financially literate are you?

How financially literate are you? From this morning’s Wall Street Journal: “There’s a financial-literacy crisis in the U.S. And it is probably even worse than it seems. Study after study shows how poorly Americans understand money and investing. Consider this common question posed by surveys: “Suppose you had USD 100 in a savings account and the interest rate was 2% a year. After five years, how much do you think you would have in the account if you left the money to grow?” More than two-thirds of Americans over the age of 50 got the answer wrong when asked to choose from among three possibilities: More than USD 102, USD 102, less than USD 102. Read the piece (paywall) for the questions that go on to differentiate between financial literacy and “financial comprehension” — what you really understand about the basics of personal finance. (The answer to the first question here: USD 110.41.)