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