Personal Finance Survey Questionnaire

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Well-engineered personal finance questions to evaluate your financial knowledge. 16 questions, 5 minutes.

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?
Suppose you had $100 in a savings account and the interest rate is 20% per year and you never withdraw money or interest payments. After 5 years, how much would you have on this account in total?
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?
Assume a friend inherits $10,000 today and his sibling inherits $10,000 3 years from now. Who is richer because of the inheritance?
Suppose that in the year 2050, your income has doubled and the prices of all goods have doubled too. In 2050, how much will you be able to buy with your income?
Which of the following statements describes the main function of the stock market?
Which of the following statements is correct?
Which of the following statements is correct? If somebody buys the stock of firm B in the stock market
Which of the following statements is correct? If somebody buys a bond of firm B:
Considering a long time period (for example 10 or 20 years), which asset normally gives the highest return?
Normally, which asset displays the highest fluctuations over time?
When an investor spreads his money among different assets, does the risk of losing money
If you buy a 10-year bond, it means you cannot sell it after 5 years without incurring a major penalty. True or false?
Stocks are normally riskier than bonds. True or false?
Buying a company stock usually provides a safer return than a stock mutual fund. True or false?
If the interest rate falls, what should happen to bond prices?

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