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Sitipay Financial Literacy Quiz
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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?
1 point
More than $102
Exactly $102
Less than $102
Do not know
Refuse to answer
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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?
1 point
More than today
Exactly the same
Less than today
Do not know
Refuse to answer
Clear selection
“Buying a single company’s stock usually provides a safer return than a stock mutual fund.” True or False.
1 point
True
False
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