The FINRA Foundation study asked participants a handful of questions about interest rates, investing, bond prices, mortgages and risk — all the basics.

However, only 37% of people answered at least four out of five questions correctly.

That’s down from the National Financial Capability Study in 2009 — during the Great Recession — when 42% of respondents got a passing grade.

Can you ace the test? Good luck! (Answers below)

Question 1: Suppose you had $100 in a savings account and the interest rate was 2% per year. After 5 years, how much do you think you would have in the account if you left the money to grow?

• More than $102
• Exactly $102
• Less than $102

Question 2: Imagine that the interest rate on your savings account was 1% per year and inflation was 2% per year. After 1 year, how much would you be able to buy with the money in this account?

• More than today
• Exactly the same
• Less than today

Question 3: If interest rates rise, what will typically happen to bond prices?

• They will rise
• They will fall
• They will stay the same
• There is no relationship between bond prices and the interest rate

Question 4: A 15-year mortgage typically requires higher monthly payments than a 30-year mortgage, but the total interest paid over the life of the loan will be less.

• True
• False

Question 5: Buying a single company's stock usually provides a safer return than a stock mutual fund.

• True
• False

Those with higher financial literacy are more likely to do the things we talk a lot about here: planning for retirement, building an emergency fund and using credit cards responsibly.

If you want to learn more about your money, here are some resources to get you started:

• Why compound interest is a saver's best friend
• Clark's investment guide
• How much to save each month to retire a millionaire

Quiz answers

1. More than $102
2. Less than today
3. They will fall
4. True
5. False

Read more: Save $1,000+ with this 12-week money challenge

5 basic money rules you can live by forever