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financialliteracy
| Variable | Question text | Label |
|---|---|---|
| D001 | Which of the following statements describes the main function of the stock market? | stock market |
| D002 | Which of the following statements is correct? | mutual fund |
| L001 | 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: more than $102, exactly $102, less than $102? | $100 2% |
| L002 | Suppose you had $100 in a savings account and the interest rate was 20% per year and you never withdraw money or interest payments. After 5 years, how much would you have on this account in total? | $100 20% |
| L003 | Imagine that the interest rate on your savings account was 1% per year and inflation was 2% per year. After 1 year, would you be able to buy more than, exactly the same as, or less than today with the money in this account? | $100 20% |
| L004 | Assume a friend inherits $10,000 today and his sibling inherits $10,000 but 3 years from now. Who is richer today because of the inheritance? | inheritance |
| L005 | Suppose that in the year ^l005_year, your income has doubled and prices of all goods have doubled too. In ^l005_year, will you be able to buy more, the same or less than today with your income? | doubled |
| P001 | If the interest rates ^FL_P001, what should happen to bond prices? | interest rates change |
| P001_randomizer | randomizer P00 questions | |
| P002 | Do you think the following statement is true? Buying a ^FL_P002 usually provides a safer return than a ^FL_P002_2. | safer |
| P002_randomizer | randomizer P002 question | |
| P002a | Could you state below the reason for the choice you made? | reason for choice |
| P003 | Do you think that the following statement is true or false? ^FL_P003 are normally riskier than ^FL_P003_2. | riskier |
| P003_randomizer | randomizer P003 question | |
| P004 | Considering a long period (for example 10 or 20 years), what normally gives the highest return? | highest return |
| P005 | Normally, which asset described below displays the highest fluctuations over time: savings accounts, bonds or stocks? | highest fluctuations |
| P006 | When an investor spreads his or her money among different assets, does the risk of losing a lot of money increase, decrease, or stay the same? | different assets |
| P007 | Is the following statement true? Housing prices in the US can never go down. | housing prices |
| fk018 | Do you think the following statement is true or false? "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." | 15 year mortgage higher payments than 30 year but lower interest paid |