Banqer

Question 1

Every job requires a university degree

Accepted Answer

False

Question 2

Why might high limits on credit cards be an issue?

Accepted Answer

People might spend more than they can repay before interest rates apply

Question 3

What is a mortgage?

Accepted Answer

A loan that you use to buy a house

Question 4

What is a tenant?

Accepted Answer

Someone who rents a house

Question 5

All banks have the same interest rate

Accepted Answer

False

Question 6

What do you need to be aware of when getting a credit card?

Accepted Answer

Interest rates

Question 7

What is interest?

Accepted Answer

The price paid for borrowing money

Question 8

What is a landlord NOT responsible for?

Accepted Answer

Taking out the rubbish

Question 9

What is an insurance premium?

Accepted Answer

The payments that you regularly make

Question 10

What is something that content insurance doesn't cover?

Accepted Answer

When you trip over your vacuum cleaner and break your leg

Question 11

What is a stock exchange?

Accepted Answer

A market that makes buying and selling shares possible

Question 12

When you make an insurance claim you have to pay an excess

Accepted Answer

False

Question 13

What statement is true about CV's?

Accepted Answer

They inform an employer of your experience and skills

Question 14

When you sign up to a bank you automatically get a credit card

Accepted Answer

False

Question 15

Everyone gets rick quick by buying shares

Accepted Answer

False

Question 16

New Zealand has a good healthcare system so there is no point in getting medical cover

Accepted Answer

False

Question 17

What is a deficit?

Accepted Answer

When you have spent more money than you have earned

Question 18

What is financial literacy?

Accepted Answer

When you have the knowledge to make informed decisions about their finances

Questions 18