FSD3271 Financial Awareness of Finnish People 2014
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Question text
You deposit 1,000 euros to your bank account. The annual interest rate is 1% and inflation rate 2%. No taxes are paid for the profits. In one year, can you buy more, less or the same amount as today with the money in the account?
Frequencies
| Category labels | Value | n |
|---|---|---|
| More than today | 1 | 99 |
| The same amount | 2 | 128 |
| Less than today | 3 | 1140 |
| Don't know | 4 | 95 |
| Didn't respond / unrelated response | 5 | 15 |
| Displayed frequencies are not weighted | ||
Summary statistics
| Number of valid cases | 1477 |
| Maximum | 5 |
| Minimum | 1 |
| Mean | 2.86 |
| Standard deviation | .664 |
Study description in machine readable DDI-C 2.5 format
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