Financial Literacy

The new thing is not computer but financial literacy. Notice how RD has moved from articles on how to lose weight to how to invest your funds.

So here is a little test to gauge how well you manage your money.

1) Suppose you have Rs.100 in a saving account and the interest rate is 3.50 % a year. How much would you have it you leave the money there to grow for five years -
more than Rs.103.50 /exactly rs.103.50, less than Rs.103.50

2) Imagine that the interest rate on your savings account is 3.50% a year and inflation is 4% a year.
After one year would you be able to buy
more / exactly the same as /less than today with the money in this account?

3) Buying a single company stock usually provides a safer return than a stock mutual fund
True or false?


Correct answers to the above questions will determine whether you are past the lowest threshold level of financial literacy.

i have to admit that I had to think for a couple of minutes. But, Im sure most of the women I know will fail miserably.
Girls, come on arm yourselves . Its not enough to earn. You've got to know and have the power to spend your money wisely.