Part 1: Financial Literacy Questions 1. 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 ir you left the money to grow? a. More than 5102 b. Exactly $102 c. Less than 5102 d. Do not know e. Refuse to answer 2. Imagine that the interest rate on your savings account was 1% per year and inflation was 2% per year. After 1 year, how much would you be able to buy with the money in this account? a. More than today b. Exactly the same Less than today d. Do not know e. Refuse to answer 3. Please tell me whether this staternenit is true or false. "Buying a single company's stock usually provides a safer return than a stock mutual fund. a. True b. False c. Do not know d Refuse to