What statement about Annual Percentage Rate (APR) is true?

APR represents the total annual costs involved in a loan

A piece of software that intends to harm you, your computer or your data

What does inflation mean?

Decrease in the value of money as a result of sustained increase in prices

An overview of expected income and expenses

Why is it not smart to use your birthday as a PIN-code?

Because it is too easy for others to guess

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European Money Quiz - Practice Quiz No. 1

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You can practice your skills in financial literacy and English language

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Questions 10

Answers

1
What kind of savings fluctuates the most?
Bonds
Savings account
Stocks
Piggy bank
2
What statement about Annual Percentage Rate (APR) is true?
APR represents the total annual costs involved in a loan
APR is the nominal interest rate on a loan
APR represents the amount of costs involved in a loan minus any fees
APR is the nominal interest rate minus one-time fees
3
What is Malware?
A piece of software that intends to harm you, your computer or your data
Software that removes viruses from your computer
Illegal pirated versions of expensive software
Software that is proven to be safe to download
4
What is the sum of all regular Euro coins if you take one of each?
€3,88
€3,85
€4,00
€5,00
5
If you earn €9,50 per hour, and you work 40 hours per week, what is your monthly salary before taxes?
€380,00
€308,00
€1500,00
€1520,00
6
You pay for your TV in instalments of €119,00 and this represents 6 % of the total cost. How expensive is the TV?
€1983,33
€1998,43
€1985,53
€1981,43
7
What is the minimum duration of a guarantee on a product?
2 years
6 months
1 year
3 years
8
What does inflation mean?
Decrease in the value of money as a result of sustained increase in prices
That you have to pay in cash
Prices decrease
Increase in the value of money as a result of sustained decrease in prices
9
What is a budget?
An overview of all incomes and revenues of the past three years
An overview of the bills you have not paid yet
An overview of your TV channels
An overview of expected income and expenses
10
Why is it not smart to use your birthday as a PIN-code?
It’s smart, because in case of an emergency family members can guess it
Because it is too easy for others to guess
Because you cannot change your PIN-code
Because it is sensitive information

European Money Quiz - Practice Quiz No. 1 Flashcards | StudBud