The Washington Post

Test your financial literacy

Inflation. Sales tax. College savings. Fixed-rate mortgages. Credit score.

The mere mention of these words may be enough to make many people’s heads spin. But these are just a few of the topics that would be tackled in a new requirement at Virginia public schools, which now requires every student to take a personal finance course.

The requirement is being hotly debated among some Northern Virginia educators and parents, reports the Post’s Kevin Sieff., who say the information could be wrapped into a math class. Richmond contends the class would serve a practical purpose, giving students a shot at financial literacy in the wake of the financial crisis.

Put your own financial literacy to the test after the jump with questions courtesy of Tell us how well you fared in the comments section.

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