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Sec 3 Quiz 4 Flashcards | StudBud
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Sec 3 Quiz 4
Which one is not additional cost to the car?
How do we beat inflation?
Sec 3 Quiz 4
6 terms
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StudBud Administration
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121 plays
#Financial Literacy
Flashcards
6 cards
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Practice quiz
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Questions
6
Answers
1
How do we beat inflation?
Buy Car and Bikes
Savings and investments
Buy Insurance
Take up loans
2
Which one is not additional cost to the car?
Fuel
Road Tax
Insurance
Certificate of Possession (COP)
3
How much to pay back a month for loan of $150 000 (10 years) with simple interest rate of 3.5%?
$1250
$1293.75
$1763.25
$1437.50
4
How much to pay back a month for a loan of $50 000 (7 years) with interest rate of 2.5%?
$711.80
$595.24
$610.12
$707.55
5
Which of the following does NOT require loans?
Purchase a House
Purchase insurance
Purchase a Car
To get education
6
Who do you pay tax to?
The Companies
The Government
The Banks
The Community
