Q1

Suppose you had $100 in a savings account and the interest rate was 2% per year. After five years, how much do you think you would have in the account if you left the money to grow?

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Q2

Imagine that the interest rate on your savings account was 1% per year and inflation was 2% per year. After one year, how much would you be able to buy with the money in this account?

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Q3

Buying a single company’s stock usually provides a safer return than a stock mutual fund.

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Q4

A 15-year mortgage typically requires higher monthly payments than a 30-year mortgage, but the total interest paid over the life of the loan will be less.

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Q5

If interest rates rise, what will typically happen to bond prices?

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