Financial Literacy Test


	Financial Literacy Test

forpamelak

7-21-2008 5:29 PM

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/1ae224ec-ec8d-4615-9fb3-16de4433e174/46F8824B-5523-4D33-BB47-424698854535/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://annalusardi.blogspot.com/2008/07/how-financial-literate-are-you.html" href="http://annalusardi.blogspot.com/2008/07/how-financial-literate-are-you.html" style="font-size: 11px;">annalusardi.blogspot.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://annalusardi.blogspot.com/2008/07/how-financial-literate-are-you.html"><DIV>Here are the questions:</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://annalusardi.blogspot.com/2008/07/how-financial-literate-are-you.html">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?<BR />a) More than $102<BR />b) Exactly $102<BR />c) Less than $102<BR /><DIV>d) Do not know</DIV><BR />2) Imagine that the interest rate on your savings account was 1% per year and inflation was 2% per year. After 1 year, would you be able to buy more than, exactly the same as, or less than today with the money in this account?<BR />a) More than today<BR />b) Exactly the same as today<BR />c) Less than today<BR /><DIV>d) Do not know</DIV><BR />3)  Do you think that the following statement is true or false? “Buying a single company stock usually provides a safer return than a stock mutual fund.”<BR />a) True<BR />b) False<BR /><DIV>c) Do not know</DIV></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/46F8824B-5523-4D33-BB47-424698854535/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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