Four out of five Americans have failed a financial literacy test conducted by Merrill Lynch, the national brokerage house.

They were unable, for example, to name the chairman of the Fed, or say what level the Dow is at these days.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.