I am a financially illiterate psychopath

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The financial literacy questions for those interested. Three questions. Seems pretty trivial.

Table A-2: Financial literacy questions
Question Response options

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 left in the account if you left the money to grow?

More than $102/
Exactly $102/ Less than $102/ Do not know

Imagine 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 this money in this account?

More than today/ Exactly the same/ Less than today/ Do not know

Please tell me whether or not this statement is true or false: Buying a single company’s stock usually provides a safer return than a mutual fund of stocks.

True/ False/ Do not know



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