• Suppose you have some money. Is it safer to put your money into one business or investment, or to put your money into multiple businesses or investments?
  
  • a. one business or investment
  • b. multiple businesses or investments
  • c. don’t know
  • d. refuse to answer
• Suppose over the next 10 years the prices of the things you buy double. If your income also doubles, will you be able to buy less than you can buy today, the same as you can buy today, or more than you can buy today?
  
  • a. less
  • b. the same
  • c. more
  • d. don’t know
  • e. refuse to answer
• Suppose you need to borrow 100 US dollars. Which is the lower amount to pay back: 105 US dollars or 100 US dollars plus three percent?
  
  • a. 105 US dollars
  • b. 100 US dollars plus three percent
  • c. don’t know
  • d. refuse to answer
• Suppose you put money in the bank for two years and the bank agrees to add 15 percent per year to your account. Will the bank add more money to your account the second year than it did the first year, or will it add the same amount of money both years?
  
  • a. more
  • b. the same
  • c. don’t know
  • d. refuse to answer
• Suppose you had 100 US dollars in a savings account and the bank adds 10 percent per year to the account. How much money would you have in the account after five years if you did not remove any money from the account?
  
  • a. more than 150 dollars
  • b. exactly 150 dollars
  • c. less than 150 dollars
  • d. don’t know
  • e. refuse to answer

Survey respondents were deemed financially literate if they could correctly answer three out of the five questions. And with only 33% of adults worldwide achieving that passing grade, the survey’s authors estimate that a whopping 3.5 billion adults around the world — many of them in developing countries — lack an understanding of basic financial concepts.

I wish the questions in my econ seminars were this easy.

1. The number 1978 is such a number that if you add the first 2 sets of numbers, you'll will get the middle 2 sets of numbers. So in 1978, 19+78=97; so the question is write a formula that can find numbers that satisfy these conditions.

2. If you look at a clock and the time is 12:15, what is the angle between the hour and the minute hand?

3. How many Hershey's chocolate bars were sold in the US last year?

Does this mean I'm a smart guy?

Quote from: Meta Cognition on March 07, 2016, 03:23:18 PM

I wish the questions in my econ seminars were this easy.

You should look at Wall Street quantitative analyst interview questions.

Examples:

Quote

1. The number 1978 is such a number that if you add the first 2 sets of numbers, you'll will get the middle 2 sets of numbers. So in 1978, 19+78=97; so the question is write a formula that can find numbers that satisfy these conditions.

2. If you look at a clock and the time is 12:15, what is the angle between the hour and the minute hand?

3. How many Hershey's chocolate bars were sold in the US last year?

Quote from: eggsalad on March 07, 2016, 06:23:35 PM

Quote from: HurtfulTurkey on March 07, 2016, 05:16:01 PM

Quote from: eggsalad on March 07, 2016, 05:13:02 PM

but no. 2 could be answered by any middle schooler

What's the answer?

12:15

15 minutes is a quarter hour
quarter of a circle is 90 deg

or
alternatively
you look at a clock
and see that 12:15 makes a fucking right angle

The hour hand moves slightly with the minute hand. At 12:15 the angle must be less than 90 degrees because the hour has moved slightly clockwise. At 15 minutes past the hour it will be 1/4 of the way to the next hour. 1/4 of 30 degrees (there are 30 degrees between each hour) is 7.5.

90 - 7.5 = 82.5