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Carroll Connection

The Test

For a majority of Carroll School students, finance is at the forefront.

More than a thousand students at the School have chosen this discipline as their academic concentration—including a little over 60 percent of the 560 current seniors. Finance is also the second most popular major at Boston College, behind economics, which is offered primarily in the Morrissey College of Arts and Sciences.

Jonathan Reuter has taught Basic Finance (required of all Carroll School students) often during the past 13 years. The professor says that increasingly, he has “highlighted connections between topics covered in the class and real-world events” such as the financial meltdown of 2008. Among other trends in the course, he has also placed greater emphasis on measuring when—and discussing why—defined benefit pensions are underfunded.

Here are several problems from a test that his students took in the spring 2016 semester, touching on some everyday matters such as paying down the mortgage on a condo in Cambridge. All are invited to test themselves and see how much basic finance they remember.