The FINRA Investor Education Foundation recently asked roughly 27,000 U.S. adults a series of 6 questions to test their financial literacy. On the question regarding compound interest — accumulated interest on a loan over time — two-thirds of the respondents either answered incorrectly or said they didn’t know.

Can you do better than the typical consumer? Give the quiz a try.

http://www.bankrate.com/game-of-loans/quiz-test-your-money-smarts/?pid=p:twito

By BankRate, Game of Loans, Mike Cetera / Sep.2,2016