Designed by the web development team at Art Branch Inc., the quiz is intended as a helpful tool for Canadians who want to improve their financial fortunes. Given the substantial growth of consumer debt in Canada, indebtedness has become a major issue of public concern. The new quiz aims to help people improve their financial literacy and thus become more aware of the dangers of excessive borrowing.
“Canadian personal debt levels have been going through the roof in the last couple of years, while incomes have not gone up enough to match that. Of course this is unsustainable, however many Canadians don’t realise that. We created the financial quiz to help Canadians improve their financial literacy in a simple and entertaining way,” said Peter Todorov, President of Art Branch Inc.
The absence of financial literacy often leads to bad financial decisions, excessive debt, and financial hardship. This makes it even more difficult to put one’s finances in order. Many people will experience a huge improvement in their financial lives once they acquire a basic understanding of how budgeting, interest rates, and borrowing work. The new financial quiz introduces some common financial concepts and helps people learn how to make wise money management choices. It allows visitors to gain better knowledge of finances and offers a fun way of doing so.
Challenging Canadians to test their knowledge of financial matters may encourage them to improve their financial IQ. To help achieve this, CanadaBanks.net provides a wealth of financial information, from saving, borrowing, and budgeting to more complex financial concepts.
The 10-question quiz is followed by a score card and links to relevant readings that elaborate on a given concept or topic. The quiz can be done multiple times, with a set of 10 questions displayed on a random basis and out of a pool of over 300 questions.
About Art Branch: Art Branch Inc., located in Toronto, Ontario, is the parent company of CanadaBanks.net and has produced many consumer oriented websites targeting Canadian audience. The goal of Art Branch is to provide visitors to company sites with free, practical guides, helping consumers make educated financial choices.