| FIN_LIT_LINT [] | Section: Financial Literacy |
[last round R completed]>=25
If Answer = 1 Then Go To LIFE-SATISFACTION
| FIN_LIT_1 [] | Section: Financial Literacy |
Have you set aside emergency or rainy day funds that would cover your expenses for 3 months, in case of sickness, job loss, economic downturn, or other emergencies?
| FIN_LIT_2 [] | Section: Financial Literacy |
How strongly do you agree or disagree with the following statements? Please give your answer on a scale of 1 to 7, where 1 means 'strongly disagree' 7 means 'strongly agree,' and 4 means 'neither agree nor disagree.'
| | - I am good at dealing with day-to-day financial matters, such as checking accounts, credit and debit cards, and tracking expenses |
| | - I regularly keep up with economic and financial news |
| | 1 1 (disagree strongly) |
| | 2 2 |
| | 3 3 |
| | 4 4 |
| | 5 5 |
| | 6 6 |
| | 7 7 (agree strongly) |
| FIN_LIT_3 [] | Section: Financial Literacy |
On a scale from 1 to 7, where 1 means very low and 7 means very high, how would you assess your overall financial knowledge?
| | 1 1 |
| | 2 2 |
| | 3 3 |
| | 4 4 |
| | 5 5 |
| | 6 6 |
| | 7 7 |
| FIN_LIT_4 [] | Section: Financial Literacy |
Do you think that the following statement is true or false? Buying a single company stock usually provides a safer return than a stock mutual fund.
| FIN_LIT_5 [] | Section: Financial Literacy |
Suppose you had $100 in a savings account and the interest rate was 2 percent 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, or less than $102?
| | 1 More than $102 |
| | 2 Exactly $102 |
| | 3 Less than $102 |
| FIN_LIT_6 [] | Section: Financial Literacy |
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?
| | 1 More than today |
| | 2 Exactly the same as today |
| | 3 Less than today |
| FIN_LIT_7 [] | Section: Financial Literacy |
If interest rates rise, what will typically happen to bond prices?
| | 1 They will rise |
| | 2 They will fall |
| | 3 They will stay the same |
| | 4 There is no relationship between bond prices and the interest rate |
| FIN_LIT_8 [] | Section: Financial Literacy |
Do you think that 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.