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Risk Diversification: Suppose you have some money. Is it safer to put your money into one business or investment, or to put your money into multiple businesses or investments?
Risk Diversification: Suppose you have some money. Is it safer to put your money into one business or investment, or to put your money into multiple businesses or investments?
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Here's how the rest of the world answered (see pic)
Here's how the rest of the world answered (see pic)
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Inflation: Suppose over the next 10 years the prices of the things you buy double. If your income also doubles, will you be able to buy less than you can buy today, the same as you can buy today, or more than you can buy today?
Inflation: Suppose over the next 10 years the prices of the things you buy double. If your income also doubles, will you be able to buy less than you can buy today, the same as you can buy today, or more than you can buy today?
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Here's how the rest of the world answered (see pic)
Here's how the rest of the world answered (see pic)
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Numeracy: Suppose you need to borrow 1000 Naira. Which is the lower amount to pay back: 1050 Naira or 1000 Naira plus three percent?
Numeracy: Suppose you need to borrow 1000 Naira. Which is the lower amount to pay back: 1050 Naira or 1000 Naira plus three percent?
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Here's how the rest of the world answered (see pic)
Here's how the rest of the world answered (see pic)
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Compound interest: Suppose you put money in the bank for two years and the bank agrees to add 15 percent per year to your account. Will the bank add more money to your account the second year than it did the first year, or will it add the same amount of money both years?
Compound interest: Suppose you put money in the bank for two years and the bank agrees to add 15 percent per year to your account. Will the bank add more money to your account the second year than it did the first year, or will it add the same amount of money both years?
x
Here's how the rest of the world answered (see pic)
Here's how the rest of the world answered (see pic)
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Compound interest II: Suppose you had 1000 Naira in a savings account and the bank adds 10 percent per year to the account. How much money would you have in the account after five years if you did not remove any money from the account?
Compound interest II: Suppose you had 1000 Naira in a savings account and the bank adds 10 percent per year to the account. How much money would you have in the account after five years if you did not remove any money from the account?
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The hardest question proved to be the one about the safest place to keep your money. Just 35% of people around the world answered it correctly.
The hardest question proved to be the one about the safest place to keep your money. Just 35% of people around the world answered it correctly.
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Workaround to expand sticky correctly