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Financial Knowledge Assessment

References:  (a)  Elevated Insights. USAA Segmentation Survey (2016).

                     (b)  National Financial Educators Council. National Financial Capability Test (2013).

                     (c)  FINRA Investor Education Foundation. National Financial Capability Study (2016).

SUMMARY & PURPOSE:  The purpose of this assessment is to provide a tool for Marines and Sailors to test their understanding of basic financial concepts.  It is designed to both evaluate one’s understanding of these concepts, and improve one’s knowledge.  Upon completion of this assessment, Marines and Sailors will understand all of the concepts that are discussed and be able to apply these lessons to their own lives.  Having a solid understanding of basic financial concepts is a cornerstone to personal financial management.

INSTRUCTIONS:  Read the questions that follow and answer to the best of your ability. Detailed explanations are provided following each question, so it is essential that you take the time to read and understand them.  Click here or the MLD logo below  to continue.