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!
- 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
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