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Money Management Flashcards | StudBud
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Money Management
Money Management
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Money mufuka
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
Which is true?
It is illegal to avoid tax.
It is illegal to evade tax.
2
What is the lowest taxable income in the UK?
£11,000
£10,500
£10,000
£11,500
3
How old do you have to be to own a Credit Card?
17
18
21
16
4
What is the main cause of debt?
Leasing to many things
Medical expenses
Underemployment
Divorce
5
What is meant by APR
The total amount you must pay back on a loan
How much it costs to take out a loan
Interest on your total loan amount that you'll pay annually
6
When is best to start saving?
5 years old
10 years old
As young as possible
15 years old
7
Which of these are true?
To manage money, write down everything you spend money on.
To manage money, divide your bank accounts.
To potentially increase your income, buy liabilities.
To potentially increase your income, buy assets.
8
Which car is nicest? (Look at the picture)
'67 Mustang
GT40
La Ferrari
Nissan GTR
9
Why should people divide their money into separate bank accounts?
To be able to see where money is being spent.
To keep expenses/incomes separate among different topics.
So they know what to spend on food.
So they can keep track of their incomes.
10
Which of these would be considered a bad investment?
Stocks
Your education
Bonds
Your house
