Financial Literacy and Financial Services Survey 2010

Romania, 2010

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Reference ID

ROU_2010_FLS_v01_M

Producer(s)

Institute for World Economy (Romanian Academy)

Metadata

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Created on

May 17, 2012

Last modified

Sep 26, 2013

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10000 lei loan, equal monthly repayments in 1 year + 600 lei charge, int. rate? (CSF7)

Data file: Household_RO

Overview

Valid: 2026

Invalid: 363

Type: Discrete

Decimal: 0

Start: 463

End: 463

Width: 1

Range: 1 - 9

Format: Numeric

Questions and instructions

Literal question

Let's assume that you took a bank credit of 10,000 lei to be paid back during a year in equal monthly payments. The credit charge is 600 lei. Give a rough estimate of the annual interest rate on your credit.

Categories

Value	Category	Cases
1	3%	129	6.4%
2	6%	640	31.6%
3	9%	96	4.7%
4	12%	21	1%
9	dont know	1140	56.3%
Sysmiss		363

Warning: these figures indicate the number of cases found in the data file. They cannot be interpreted as summary statistics of the population of interest.

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