When you borrow money, what do you need to pay every billing period during the loan?

The total of interest costs + repayments to reduce your debt

A consumption tax added to most goods/services

Τι σήμαίνει πληθωρισμός;

Παρατεταμένες αυξήσεις τιμών => μείωση αξίας του χρήματος

What is gross salary?

The salary that an employee earns before (tax) deductions

What does it mean to buy something on credit?

That you buy something with money you have borrowed

studbud

Duplicate of Duplicate of European Money Quiz - Practice 1: Financial Literacy

10 termsStudBud Administration6 plays

A quiz about #FinancialLiteracy for preparation of the #EuropeanMoneyQuiz

Flashcards10 cardsFPractice quizPHost liveL

Questions 10

Answers

1
What do you call your income after tax has been deduced?
Available income
Taxable income
Disposable or net income
Gross income
2
When you borrow money, what do you need to pay every billing period during the loan?
Interest costs
The total of interest costs + repayments to reduce your debt
Repayments to reduce your debt
You don’t have to pay anything, because you have no money
3
What is VAT?
A monster in Narnia
A consumption tax added to most goods/services
A consumption tax for goods when it has a value of €100
A consumption tax for soda and candy, because it's unhealthy
4
Which statement about dividend from stocks is true?
Dividend from stocks can vary
Dividend from stocks is always the same
You never receive dividend from stocks
You only receive dividend from stocks after 10 years
5
If you earn €9,50 per hour, and you work 40 hours per week, what is your monthly salary?
€1.520
€380
€1.500
€308
6
How high are interest rates on money you put into a savings account at a bank at the moment?
Interest on a savings account at a bank is impossible
They are very low
They are relatively high
They have never been higher
7
Τι σήμαίνει πληθωρισμός;
Παρατεταμένες αυξήσεις τιμών => μείωση αξίας του χρήματος
Παρατεταμένες μειώσεις τιμών => αύξηση αξίας του χρήματος
Οι πληρωμές γίνονται με μετρητά
Οι τιμές μειώνονται Prices decrease
8
What is gross salary?
The difference between net income and taxable income
The amount of salary you actually receive
The salary that an employee earns before (tax) deductions
The difference between personal income and taxable income
9
Which expenditure should receive the highest priority?
Paying for your new iPhone X
Netflix subscription
Buying new furniture
Rent payments
10
What does it mean to buy something on credit?
That you buy something with only your own money
That you insure something you bought
That you get an extra discount
That you buy something with money you have borrowed

Duplicate of Duplicate of European Money Quiz - Practice 1: Financial Literacy Flashcards | StudBud