Financial Literacy Test (SGS)

Suppose you had 100 Baht in a savings account and the interest rate

was 2% per year. How much would it be after 5 years?

• More than 102 Baht

• Exactly 102 Baht

• Less than 102 Baht

• Don't know or refuse to answer

If the interest rate on your savings account was 1% per year and inflation was 2%. After 1 year, would you be able to buy more than today?

• More than today

• Exactly the same as today

• Less than today

• Don't know or refuse to answer

The following statement is true or false : An individual stock carries more risk than a mutual fund.

• True

• False

The following statement is true or false : A 15-year mortgage typically requires higher monthly payments than a 30-year mortgage and reduces the total interest paid.

• True

• False

How much money should you put into savings every month?

• 2% of each paycheck

• 10% of each paycheck

• All free cash flow you have left at the end of the month

• Whatever overtime pay or extra allowance received