Financial Literacy and Wellbeing among Medical Students, Residents, and Attending Physicians in Lebanon: Results from A Nationwide Multi-Centered Survey

The following are the five questions that determine your Financial Knowledge, based on industry standards. This survey has been validated on the general population and various professionals. Let's see if you can answer these questions correctly.

First question: If you have $100 in savings with a 2$102, exactly $102, or less than$102?

Second question: If the interest rate on your savings account is 1% per year, but inflation is 2% per year, how much would you be able to buy with the money in this account after one year? More than today, exactly the same as today, or less than today?

Third question: If the interest rate rises, what would happen to bond prices? Would they rise, fall, or stay the same?

Fourth question: When buying company stock, does it usually provide a safer return than a stock mutual fund? True or false?

Fifth question: A 15-year mortgage typically requires higher monthly payments than a 30-year mortgage, but the total interest paid over the life of the loan will be less. True or false?

These questions are part of a sample Financial Literacy questionnaire, and the correct answers are as follows.