1. If you invest in a S&P 500 Index fund, your expected annual return is about 10%, based on historical return data.

If instead you put your money in a different investment option, lets call that option Alternative, you are expected to double your money in 10 years.

Based on the expected returns, which option gives you a higher return for your money?

a. There is not enough information to determine which option has higher expected return

b. The return of S&P 500 index fund and option Alternative is the same

c. S&P 500 index fund

d. option Alternative

2. Your salary is expected to increase at 3% a year. How many years will it take, approximately, for your salary to double?

a. 24

b. 36

c. 12

d. 20

3. Choose all the actions that are likely to lower your expenses.

Find an auto insurance that's less expensive than the one you have now

Find a place to live with a lower rent

Cook more often than dining out

Only buy things that are on sale