WorksheetsTASB SLI Financial Literacy
Total questions: 3
Worksheet time: 2mins
Name
Class
Date
1.
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)
A) More than $102
b)
B) Exactly $102
c)
C) Less than $102
d)
D) Don’t know
2.
2) 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?
a)
A) More than today
b)
B) Exactly the same
c)
C) Less than today
d)
D) Don’t know
3.
3) Buying a single company’s stock usually provides a safer return than a stock mutual fund.
a)
A. True
b)
B. False
c)
C. The same
d)
D. Don't know
100 %
