1) Suppose you had $100 in a savings account and the interest rate was 2% per year. After 5 years, how much do you think you would have in the account if you left the money to grow? | |
More than $102** | |
Exactly $102 | |
Less than $102 | |
Do not know | |
Refuse to answer | |
2) Imagine that the interest rate on your savings account was 1% per year and inflation was 2% per year. After 1 year, how much would you be able to buy with the money in this account? | |
More than today | |
Exactly the same | |
Less than today** | |
Do not know | |
Refuse to answer | |
3) Please tell me whether this statement is true or false. “Buying a single company’s stock usually provides a safer return than a stock mutual fund.” | |
True | |
False** | |
Do not know | |
Refuse to answer |
Financial literacy and the need for financial education: evidence and implications (2024)
Top Articles
The Importance Of Financial Management And How It Impacts Your Business
Why the 4% Rule May No Longer Work for Retirement
Delaware Sorority Rankings
New Honda Specials | Honda of Staten Island
Miss Lexa Face Revealed,Instagram,and Real Face
Miss Lexa Wiki: Bio, Boyfriend, Instagram, Net Worth, Videos and Real Face | The News God
How Do You Get a Canoe in Sneaky Sasquatch? - Trickyfish
Sneaky Sasquatch : Main Story Quests - Map, Corporate, Park Pollution
Emmanuel Todd analysiert die Menschheit: Ist die Familie der Motor der Geschichte?
Emmanuel Todd: Russlands Aufstieg und der Westen am Abgrund
Baldur's Gate 3 difficulty differences explained: which should you choose?
Baldur's Gate 3 Difficulty Differences: How Hard Is This Game?
Latest Posts
Article information
Author: Aron Pacocha
Last Updated:
Views: 6142
Rating: 4.8 / 5 (48 voted)
Reviews: 95% of readers found this page helpful
Author information
Name: Aron Pacocha
Birthday: 1999-08-12
Address: 3808 Moen Corner, Gorczanyport, FL 67364-2074
Phone: +393457723392
Job: Retail Consultant
Hobby: Jewelry making, Cooking, Gaming, Reading, Juggling, Cabaret, Origami
Introduction: My name is Aron Pacocha, I am a happy, tasty, innocent, proud, talented, courageous, magnificent person who loves writing and wants to share my knowledge and understanding with you.