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Financial Literacy — Quick Quiz

Five short questions. Submit to check answers and explanations. You can retake the quiz anytime.

1. Numeracy — $100 at 2% for one year. How much is in the account?
2. Inflation — Interest 1%, inflation 2%. After one year, would you be able to buy more, the same, or less?
3. Portfolio diversification — True or false? “Buying shares in a single company usually provides a safer return than buying shares in a number of different companies.”
4. Risk versus returns — True or false? “An investment with a high return is likely to be high risk.”
5. Money illusion — Your income doubled and prices doubled. Can you buy more, the same, or less?