SHARE:
r4_g6
General information
| Question text: | Suppose you are 50 years old and are discussing three investment opportunities with your adult child. You have put aside a good sum of money and want to invest it for the next 10 years, but you want to play it safe. Your three investment choices are, a) a saving account that pays 1% per year, b) a T-bill that pays 1.5% per year, or c) a certificate of deposit that pays 2%. The current inflation rate is 2.5% and expected to stay at that level. Your son tells you that if you invest in this way, you won’t be able to afford the same things in 10 years. Which of the following is correct? |
| Answer type: | Radio buttons |
| Answer options: | 1 Your son is right 2 Your son is wrong 3 We cannot tell with this information 98 Don't know |
| Label: | son correct in investment |
| Empty allowed: | One-time warning |
| Error allowed: | Not allowed |
| Multiple instances: | No |