Question | Answers (correct answer is in bold) |
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 |
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 |
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 |