Focus on Finance: What's your financial IQ?

By Michael Bateman

According to the 2012 Consumer Financial Literacy Survey conducted by the National Foundation for Credit Counseling and the Network Branded Prepaid Card Association, 42 percent of Americans give themselves a grade of C, D or F when it comes to personal finance knowledge. That’s an increase from 35 percent in 2010, which suggests many Americans still are struggling with how to effectively manage their finances during the slow economic recovery. For example:

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