Are Young People Financially Illiterate? (QUIZ)

According to a new study from the University of Michigan Retirement Research Center, young people are ill-equipped to deal with the financial burdens present for most adults. From student loans and credit cards to investments and 401(k)s, recent college graduates are lost in a sea of business information.

The study showed that less than a third of people between ages 23 and 28 could define interest rates, inflation and risk diversification. The National Council on Economic Education has been attempting to reverse this trend for years, though the results are not immediately visible.

HuffPost Impact thinks that if America is to avoid reliving our current financial crisis, it behooves all of us to have a basic knowledge of markets and finances. To this end, we've put together a quick quiz (partially adapted from a quiz by the U.S. Securities and Exchange Commission) to test your knowledge of modern economics and the business world. See how you do! (but don't be too hard on yourself):