A
Numeracy and interest
Compound interest, inflation and what happens to money over time.
With 3% inflation, 1,000 KM buys what 744 KM buys today after ten years.
How much do you know about money and investing?
25 questions on interest, saving, investing and scams. At the end you see where you stand, why each answer is right and what to look at next.
Lana
active now
A podcast with experts from BiH
Eight conversations about investing, scams and money with experts who have roots in BiH. After each episode the guest stays for a live Q&A.
All episodes- 1Investment fundamentals
- 2Fraud protection
- 3Capital market access in BiH
- 4Entrepreneurial finance
- 5Personal finance for young professionals
- 6AI in personal finance
- 7BiH regulation and EU frameworks
- 8Intergenerational financial planning
Five areas, five questions each
The questions are written for life in BiH: convertible marks, local banks and the kind of offers that land in your Instagram DMs.
B
Risk and return
Why a higher possible return always carries higher risk, and how to spread it.
If someone promises high returns with no risk, one of those two things is not true.
C
Capital markets
Shares, bonds, funds and who supervises the market in BiH.
BiH has two stock exchanges, in Sarajevo and Banja Luka.
D
Fraud protection
How to spot a fake offer before you send any money.
No bank or broker will ever ask for the code you got by SMS.
E
Everyday money
Savings buffer, budget, cards, overdraft and loans.
A buffer of three to six months of basic costs is a good target.
How much can your savings grow?
Move the sliders. This is an example, not a promise: the real return can be lower, higher or a loss.
Interest is compounded monthly. Taxes and fees are not included.
You end up with
7,764 KM
Your deposits: 6,000 KM
Earned from interest: 1,764 KM
110 yrs
The same money kept in a drawer, with 3% inflation, will only buy as much as today's 4,465 KM.
Before you pay, check here
Who is allowed to offer investments and loans in BiH is listed on the regulators' websites. If the company isn't listed, don't send money.
- Komisija za vrijednosne papire FBiHBrokers and investment funds in the Federation of BiHkomvp.gov.ba
- Komisija za hartije od vrijednosti RSBrokers and investment funds in Republika Srpskasecrs.gov.ba
- Agencija za bankarstvo FBiHBanks and microcredit organisations in the Federation of BiHfba.ba
- Agencija za bankarstvo RSBanks and microcredit organisations in Republika Srpskaabrs.ba
What you get at the end
- 1
A score for each area
See what you're good at and where the gaps are.
- 2
Every question explained
The right answer and why. Nothing is revealed during the test.
- 3
A retest code
Come back in a month with the same code and compare. We never ask for your name or e-mail.
Sample result
0 / 25
Developing
- Numeracy and interest4/5
- Risk and return3/5
- Capital markets2/5
- Fraud protection4/5
- Everyday money4/5
Retest code
FINLIT-7KQ2M9XAQuestions
Is the test really free?
Yes. The project is funded by the EUonAIR programme, so we sell nothing and there are no ads.
Do I need to know anything about investing?
No. The test is made for people who have never invested too. If you don't know an answer, choose I don't know. It doesn't lower your score more than a wrong answer would.
What do you do with my answers?
We store them without names, e-mails or IP addresses and use them only to research the financial literacy of young people in BiH. We publish only aggregate numbers.
Is this investment advice?
No. The test and everything here are for learning. Decisions about your money are yours.
What is the retest for?
At the end you get a code. When you come back in four to six weeks, the code links both results so you can see what changed.
Who is behind the project?
A team from the Zagreb School of Economics and Management (ZSEM), supported by the EUonAIR Migrants Empowerment Program.
Got ten minutes?
Answer honestly and choose I don't know when you don't. That's what makes the result worth something.