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European Money Quiz - Game 2: Financial Literacy Flashcards | StudBud
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European Money Quiz - Game 2: Financial Literacy
European Money Quiz - Game 2: Financial Literacy
10 terms
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StudBud Administration
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21,311 plays
A #FinancialLiteracy quiz for preparation of the #EuropeanMoneyQuiz
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
The tax authorities have
no knowledge
about what kind of money?
Blue money
Black money
Grey money
White money
2
What happens with the
taxes
you pay?
All taxes go to the employers
It only pays for hospitals
It only pays for municipalities
It pays society’s expenses
3
What are
instalments
?
The total amount of debt including interest
Set number of scheduled payments to pay off a loan in parts
Interest payments when you have a debt
Borrowing small amounts of money every month
4
What is
profit
?
All revenue is profit
When revenue is greater than costs
When costs are greater than revenue
When costs and revenue are equal
5
What creates an
overview
of your expected
income
and
expenses
?
A piggy bank
the Annual Percentage Rate
A budget
A balance
6
What does
bankruptcy
mean?
When a person/company is not able to pay its bills anymore
A person or a company has no problems in paying its bills
When you have a negative bank account balance
A person or a company owes money to another person/company
7
Who pays your
holiday pay
?
The government includes it in your paycheck
Holiday pay does not exist
Your employer, who includes it in your paycheck
Travel companies when you book a holiday
8
What is a
stock
?
A shareholding in a company
A special kind of savings account at a bank
A debt certificate
A Chinese boat
9
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
10
What is the
principal
of a loan?
The original amount of money borrowed in a loan
The amount borrowed at a bank that is free of charge
The total amount of interest costs + repayments to your debt
The amount of money borrowed in a loan + interest expenses
