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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
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StudBud Administration
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Financial literacy
Flashcards
5 cards
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Practice quiz
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Questions
5
Answers
1
Suppose you put money in bank for 2 years and the bank agrees to add 15% p.a to your account.
the same
more
2
Suppose you have some money. Safer?
one business or investment
multiple businesses orinvestments
3
Suppose over the next 10 years the prices of the things you buy double. If your income doubles?
more
the same
less
4
Suppose you had 100 US dollars in a savings account and the bank adds 10% p.a. How much money?
more than 150 dollars
exactly 150 dollars
less than 150 dollars
5
Suppose you need to borrow 100 US dollars. Which is the lower amount to pay back
100 US dollars plus three percent
105 US dollars
