2015-01-23 00:00:00AdviceEnglishThirty-nine percent of small business owners failed Intuit's new financial literacy quiz while only 7% aced it. How will you do?https://quickbooks.intuit.com/ca/resources/ca_qrc/uploads/2017/03/Two-accountants-posing-for-photo-while-discussing-financial-literacy.jpghttps://quickbooks.intuit.com/ca/resources/advice/how-financially-literate-are-you/How Financially Literate Are You?

How Financially Literate Are You?

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Money may make the world go round, but how well do you really understand your finances?

We surveyed 500 small business owners and found that while nine out of 10 consider their financial literacy scores to be average or above, four out of 10 failed our financial literacy quiz.

Although there are marked improvements compared to the results from the same quiz in 2012, a deep financial literacy gap still exists among Canadian entrepreneurs.

With financial literacy being the most common cause of business failure, entrepreneurs who do not have a solid grasp on their fundamentals are risking their chances of long-term success.

Enhanced financial literacy will help you make informed decisions about your money for your business, so you’ll be able to devote more time to what matters most.

Where do you stand when it comes to financial literacy? Take our quiz to find out.

How's your financial literacy?

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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