How would you go?
You put $100 into a no-fee savings account with an interest rate of 2% per year, and leave it. How much will be in the account at the end of one year?
The interest rate on your savings account is 1% per year, and inflation is 2% per year. After one year, could you buy more than today, less, or exactly the same with the money in the account?
“Buying shares in a single company usually provides a safer return than buying shares in a number of different companies.” True or false?
“An investment with a high return is likely to be high risk.” True or false?
Suppose that by 2020 your income has doubled, but prices have also doubled. Can you buy more than today, less, or exactly the same?
The answers are $102; less; false; true; exactly the same.
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