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European Money Quiz - Practice 2: Financial Literacy Flashcards | StudBud
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European Money Quiz - Practice 2: Financial Literacy
European Money Quiz - Practice 2: Financial Literacy
10 terms
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StudBud Administration
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9 plays
A #FinancialLiteracy quiz for preparation of the #EuropeanMoneyQuiz
Flashcards
10 cards
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Practice quiz
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Host live
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Questions
10
Answers
1
What is
profit
?
When revenue is greater than costs
All revenue is profit
When costs are greater than revenue
When costs and revenue are equal
2
What is the
principal
of a loan?
The original amount of money borrowed in a loan
The amount of money borrowed in a loan + interest expenses
The total amount of interest costs + repayments to your debt
The amount borrowed at a bank that is free of charge
3
What are
instalments
?
Interest payments when you have a debt
Borrowing small amounts of money every month
The total amount of debt including interest
Set number of scheduled payments to pay off a loan in parts
4
If you
spread
your investments, what happens to the
risk
?
The risk stays the same
The risk falls
The risk rises
There is no risk in investments
5
Who pays your
holiday pay
?
Travel companies when you book a holiday
The government includes it in your paycheck
Your employer, who includes it in your paycheck
Holiday pay does not exist
6
What is a
stock
?
A shareholding in a company
A special kind of savings account at a bank
A Chinese boat
A debt certificate
7
What does
bankruptcy
mean?
A person or a company owes money to another person/company
A person or a company has no problems in paying its bills
When you have a negative bank account balance
When a person/company is not able to pay its bills anymore
8
What creates an
overview
of your expected
income
and
expenses
?
A piggy bank
A balance
A budget
the Annual Percentage Rate
9
What happens with the
taxes
you pay?
It only pays for hospitals
It pays society’s expenses
All taxes go to the employers
It only pays for municipalities
10
The tax authorities have
no knowledge
about what kind of money?
Blue money
Grey money
White money
Black money
