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)

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Created on

May 17, 2012

Last modified

Sep 26, 2013

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10000 lei deposit in acct at 10% annual int. rate is how much in 5 years? (CSF3)

Data file: Household_RO

Overview

Valid: 2026

Invalid: 363

Type: Discrete

Decimal: 0

Start: 459

End: 459

Width: 1

Range: 1 - 9

Format: Numeric

Questions and instructions

Literal question

Let's assume that you deposited 10,000 lei in a bank account at 10% annual interest rate. The interest will be earned at the end of each year and will be added to the principal. How much money will you have in your account in 5 years if you do not withdraw either the principal or the interest?

Categories

Value	Category	Cases
1	More than 15,000 lei	492	24.3%
2	Exactly 15,000 lei	324	16%
3	Less than 15,000 lei	301	14.9%
9	dont know	909	44.9%
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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