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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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Created on
Jan 18, 2017
Last modified
Mar 29, 2019
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FL21. Imagine you took a loan of 100 GHS and you have to pay a fee of 2% each mo (FL21)

Data file: final_cgap_ghana_im_v2

Overview

Valid: 3002
Invalid: 0
Type: Discrete
Decimal: 0
Start: 1006
End: 1006
Width: 1
Range: -
Format:

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
Now, imagine you took a loan of 100 GHS and you have to pay a fee of 2% each month until you fully repay it. How much total money will have to repay in 1 full year (12 months)?
Categories
Value Category
1 More than 100 GHS
2 Less than 100 GHS
3 Exactly 100 GHS
4 DK/Refused
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
FL21. Imagine you took a loan of 100 GHS and you have to pay a fee of 2% each month until you fully repay it. How much total money will have to repay in 1 full year (12 months)?
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