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Joined 1 year ago
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Cake day: June 11th, 2023

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  • The questions weren’t about esoteric financial instruments that allow the rich to get away with murder, they were home ec style questions:

    Stuff like

    • Imagine that someone puts €100 into a savings account with a guaranteed interest rate of 2% per year. They don’t make any further payments into this account and they don’t withdraw any money. How much would be in the account at the end of five years, once the interest payment is made?

    • Now imagine the following situation. You are going to be given a gift of [€1,000] in one year and, over that year, inflation stays at 2%. In one year’s time, with the [€1,000], will you be able to buy: [more, less, or the same]

    • Which of the following is true? An investment with a higher return is likely to be: [more risky, less risky]

    Maybe part of the reason governments keep bailing out bad financial moves by private companies is because the electorate has decided investing is black magic and ignores it.