Question

Overall

n = 181

Females

n = 106

Males

n = 75

n (%)

n (%)

n (%)

Suppose you had $100 in a savings account and the interest rate was 2 percent 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

166 (91.71)

97 (91.5)

69 (92)

Exactly $102

3 (1.66)

2 (1.9)

1 (1.3)

Less than $102

5 (2.76)

2 (1.9)

3 (4)

Don’t know

7 (3.87)

5 (4.7)

2 (2.7)

Imagine that the interest rate on your savings account was 1 percent per year and inflation was 2 percent per year. After 1 year, how much would you be able to buy with the money in this account?

More than today

7 (3.9)

3 (2.8)

4 (5.3)

Exactly same

12 (6.6)

8 (7.6)

4 (5.3)

Less than today

151 (83.4)

86 (81.1)

65 (86.7)

Don’t know

11 (6.1)

9 (8.5)

2 (2.7)

Is this statement True or False. “Buying a single company’s stock usually provides a safer return than a stock mutual fund.”

True

17 (9.39)

12 (11.32)

5 (6.7)

False

164 (90.61)

94 (88.68)

70 (93.3)