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Financial literacy test
Financial literacy test
Question 1 of 15
1. You put 100,000$. on a bank deposit for 2 years at 10% per annum. Under the terms of the agreement, there is no capitalization of interest. How much money do you think the deposit will bring in the second year: more than in the first year, the same amount or less?
More than the first
The same amount as in the first
Less than the first