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EMQ 2022 - MALTA Flashcards | StudBud
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EMQ 2022 - MALTA
EMQ 2022 - MALTA
20 terms
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Flashcards
20 cards
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Questions
20
Answers
1
The phone Anna bought arrives damaged. What should she do?
Ask the customer service for a return or exchange
Contact her bank to get a refund
Anna cannot do anything
2
If the sender's ID in an SMS matches your bank's name, it is always safe to follow the link included in the SMS.
True
False
3
What is inflation?
The increase of stock market prices
Getting a raise in your salary
When you blow up a balloon
General increase in prices and fall in the purchasing value of money
4
The interest rate you earn on your money is 3% and inflation is 2%. After 1 year, how much can you buy?
Exactly the same
Not possible to tell
More than today
Less than today
5
What is a good use of an emergency savings fund?
Paying rent
Paying medical bills
Going on a trip with friends
Buying the latest sneakers
6
You earn €4,000 every month and save 20% of your income. How long until you have at least €2,000 saved?
5 months
2 months
4 months
3 months
7
Purchasing an expensive stock will always guarantee more returns than a cheaper stock.
TRUE
FALSE
Only for tech companies
8
Paul spread his investments in different products. His investor portfolio is
Lower-risk
Higher-risk
No risk at all
9
What makes for a higher income? Working 39 hours a week at 10.50€ per hour or working 42 hours a week at 9.5€ per hour?
42 hours a week at 9.50€ per hour
39 hours a week at 10.50€ per hour
They are the same income
10
What does variable interest rate mean when you borrow money?
The interest rate is determined by the European Banking Federation
The interest rate will stay the same throughout the duration of a loan
During a loan the interest rate may go up or down
You can choose the interest rate yourself
11
By investing in a social bond, Lisa is helping to finance affordable housing and infrastructure.
True
False
12
The shoes Paul wants to buy are "limited edition". What does this mean?
It's a marketing strategy
He will be the only person to own these shoes
The shoes are on sale for a short period of time
He has to buy them now to own them
13
Lisa owes €1,000. The interest is 20% per year. Without paying anything off, how long until the debt doubles?
Less than 2 years
More than 5 years
At least 2 years but less than 5 years
14
The most expensive insurance is always the best choice.
True
False
15
Digital currency can be considered “money” in a technical sense.
True
False
16
The most secure way to transfer money is through:
Bank transfer
Texting your card details and pin to your friend
Sending cash through the mail
17
How do you know if the charity you're donating to is trustworthy?
Their logo looks nice
Someone on TikTok made a video about it
You researched the organisation
A friend recommended it
18
An email from what seems to be your bank warns you of suspicious transactions in your account. The safest thing to do is
Call your bank on the number provided on its website to verify the email
Follow the link provided in the email to check the transactions history
Send a reply email to the sender asking for clarifications
Call the number provided in the email to receive more information
19
Investing in Bitcoin is always risky except when:
You have a lot of money saved
The economy is doing good
You have already made a lot of money with Bitcoin
None of the answers
20
Anna just bought a new phone and is paying in installments. This means she
Has the phone now and will pay it over 12 months
Has the phone now and will pay when she wants
Rents the phone for 12 months
Has the phone now and will pay in 12 months
