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Financial Inclusion Insights Survey 2014

Ghana, 2014 - 2015
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Reference ID
GHA_2014_FII_v01_M_v01_A_PUF
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InterMedia
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Dec 01, 2016
Last modified
Dec 01, 2016
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FL20. Imagine you have 100 GHS in your savings account. Your account is earning (FL20)

Data file: final_cgap_ghana_im_v2

Overview

Valid: 3002
Invalid: 0
Type: Discrete
Decimal: 0
Start: 1005
End: 1005
Width: 1
Range: 1 - 4
Format: Numeric

Questions and instructions

Question pretext
Now, I would like you to answer several questions that require some calculations. Please, do not be concerned - this is not a test. We just want to see if you understand some of the issues related to budgeting your income and making choices related to money.
Literal question
Imagine you have 100 GHS in your savings account. Your account is earning 2% interest every year. How much money will you have on your account in 5 years if you do not withdraw anything during that period?
Categories
Value Category Cases
1 More than 100 GHS 1837
61.2%
2 Less than 100 GHS 463
15.4%
3 Exactly 100 GHS 88
2.9%
4 DK/Refused 614
20.5%
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.

Others

Notes
FL20. Imagine you have 100 GHS in your savings account. Your account is earning 2% interest every year. How much money will you have on your account in 5 years if you do not withdraw anything during that period?
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