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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 2020, your income has doubled and prices of all goods have doubled too. In 2020, 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 |