The following is a quick quiz to assess your financial awareness. These are questions developed by Professor Annamaria Lusardi and Professor Olivia Mitchell of the Wharton School. These have been used worldwide, including in the U.S. National Financial Capability Study. More surveys and resources can b e found on the Global Financial Literacy Excellence Center (GFLEC) website. GFLEC Professor Annamaria Lusardi and Professor Olivia Mitchell of the Wharton School developed questions that indicate one’s financial literacy. They have been used worldwide, including in the U.S. National Financial Capability Study.

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?
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?
Do you think the following statement is true or false? Buying a single company stock usually provides a safer return than a stock mutual fund.