Could You Pass this Simple Financial Quiz?

Interestingly enough, when given this simple 3-question financial quiz, most Americans didn’t pass.  Time online magazine’s Money section posted this:

Following are three questions. If you’ve been around the financial block a few times, you’ll probably find all of them easy to answer. Most Americans didn’t get them right, though, reflecting poor financial literacy. That’s a shame — because, unsurprisingly, the more you know about financial matters and money management, the better you can do at saving and investing, and the more comfortable your retirement will probably be.

Are you ready to take the quiz?  Take the quiz here.