Financial Literacy Answers

Answers to the three financial literacy questions.



A) More than $102
B) Exactly $102
C) Less than $102
D) Don’t know
E) 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, with the money in this account, would you be able to buy…”

A) More than today
B) Exactly the same as today
C) Less than today
D) Don`t know
E) Refuse to answer


3) “Do you think the following statement is true or false?

A) True
B) False
C) Don`t know
D) Refuse to answer