WorksheetsFinancial literacy - gcera
Total questions: 9
Worksheet time: 18mins
Life is like a balance sheet. One wrong entry could change everything.
True
False
Not sure
Who said “Beware of a little expense. A small leak will sink a great ship”?
Benjamin Franklin
Your math teacher
Not sure
... can not buy happiness.
(a)
Suppose you had $100 in your savings account with a 2% annual interest. After 5 years, how much will you have in this account if you leave your money to gain interest?
More than $102
Exactly $102
Less than $102
I do not know
Your savings account has a 1% annual interest and the annual inflation is 2%. After a year, will you be able to buy more than today using the money saved in this account?
Yes
No
Is the following statement true or false? “Buying a single company stock usually provides a safer return than a stock mutual fund.”
True
False
You want to borrow EUR 500 from a money lender (M1). He says that you can get it but you must pay him EUR 600 in a month. Another money lender (M2) says you have to pay EUR 600 plus 15% in a month. Which one is better?
M1
M2
I do not know
Assume a friend inherits EUR 10,000 today and his sibling inherits EUR 10,000 three years from now. Who is richer because of the inheritance?
My friend
His sibling
They are equally rich
I do not know
Suppose that in the year 2024, your income has doubled, and prices of all goods have doubled too. In 2024, how much will you be able to buy with your income?
More than today
The same
Less than today
I do not know
