Trivia Quiz: Test Your Knowledge About Banking And Finance!

16 Questions | Total Attempts: 41

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Trivia Quiz: Test Your Knowledge About Banking And Finance!

Will you Test Your Knowledge about Banking and Finance? Banking and finance is a very important sector that requires a lot of precision and documentations where a small error would lead to a lot of miscalculations in other different sectors. The quiz below is for those of you willing to test their understanding on the two sectors. Give it a try!


Questions and Answers
  • 1. 
    There is no penalty if I pay my credit card balance after the due date.
    • A. 

      True

    • B. 

      False

  • 2. 
    Saving is the same as investing.
    • A. 

      True

    • B. 

      False

  • 3. 
    The BEST way to manage credit card debt is...
    • A. 

      To consistently pay a small part of the amount owed every month

    • B. 

      To not pay every month but pay lump sum using my bonus at the end of the year

    • C. 

      To pay the full amount owed for that month

    • D. 

      To take up a personal bank loan to pay the credit card debt in full

  • 4. 
    It’s a bad idea to start investing when you’re young.
    • A. 

      True

    • B. 

      False

  • 5. 
    Investing involves...
    • A. 

      Stocks and only stocks

    • B. 

      Bonds

    • C. 

      T-Bills

    • D. 

      GIC’s

    • E. 

      All of the above

  • 6. 
    Credit Score is...
    • A. 

      Your score on an online quiz

    • B. 

      A score given to an individual by banks based on their financial activities

    • C. 

      An imaginary credit card

    • D. 

      Similar to interest

  • 7. 
    The best bank to open an account with is...
    • A. 

      BMO

    • B. 

      Royal

    • C. 

      Scotia

    • D. 

      TD

    • E. 

      The one that suits your needs

  • 8. 
    Find the interest if the principal is $1000, the rate is 5% and the time is 2 years.  ( I = PRT )
    • A. 

      $100

    • B. 

      $200

    • C. 

      $1000

    • D. 

      5

  • 9. 
    Find the interest if the principal is $500 the rate is 10% and the time is 3 years. ( I = PRT )
    • A. 

      100

    • B. 

      150

    • C. 

      1000

    • D. 

      2000

  • 10. 
    Find the average of: 10, 12, 13, 13, 14
    • A. 

      12

    • B. 

      10

    • C. 

      12.4

    • D. 

      13.5

  • 11. 
    Find the percent of change: 20 to 24
    • A. 

      20%

    • B. 

      30%

    • C. 

      2%

    • D. 

      10%

  • 12. 
    Find the percent of change:   132 to 160. 
    • A. 

      19%

    • B. 

      16.3%

    • C. 

      50%

    • D. 

      21.2%

  • 13. 
    John makes $10 an hour.  He works 32 hours this week. Find his total pay
    • A. 

      320

    • B. 

      420

    • C. 

      300

    • D. 

      32

  • 14. 
    Mark makes $10 an hour and time and a half for all hours over 40.  This week he worked 42 hours.  Find his total pay.
    • A. 

      400

    • B. 

      360

    • C. 

      420

    • D. 

      430

  • 15. 
    Which is the better buy? 12 apples for $5  or 14 apples for $6
    • A. 

      12 for 5

    • B. 

      14 for 6

    • C. 

      Option 3

    • D. 

      Option 4

  • 16. 
    Mike makes $500 every week.  How much does he make in a year?
    • A. 

      25,000

    • B. 

      26,000

    • C. 

      20,000

    • D. 

      50,000