The "Big Three" questions of "Financial Literacy Around the World: An Overview" will provide you a baseline for understanding your level of financial literacy.
Before listening to the episode, take our quiz to test your financial literacy!
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?
a. More than $102
b. Exactly $102
c. Less than $102
d. I do not know
2) Imagine that your savings accounts' interest rate 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?
a. More than today
b. the same
c. Less than today
d. I Do not know
3) 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.”
a. True
b. False
c. Do not know
You're invited to aseminar on the investing mistakes you may not know you're making!
When: Wednesday, February 10, 2021 @ 2pm PST | 5pm EST
Regardless of how sophisticated or well-intentioned an investor you are, we are all susceptible to thoughts and emotions that can be detrimental to our investments.
Join us to discuss:
