What Do You Know About Money?

10 Questions

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Money Quizzes & Trivia

Questions and Answers
  • 1. 
    Does Money grow on trees?
    • A. 

      True

    • B. 

      False

  • 2. 
    Companies are there to help you?
    • A. 

      True

    • B. 

      False

  • 3. 
    Setting and sticking to a budget is good? 
    • A. 

      True

    • B. 

      False

  • 4. 
    All debt is bad?
    • A. 

      True

    • B. 

      False

  • 5. 
    When you take out a loan the lower the interest rate the less you pay in total?
    • A. 

      True

    • B. 

      False

  • 6. 
    What is Debt?Debt is where you borrow money from someone, so you now owe them money and have to pay it back?
    • A. 

      True

    • B. 

      False

  • 7. 
    One of the most dangerous things you can do with money is consistently spend more than your earn, and borrow to fill the gap?
    • A. 

      True

    • B. 

      False

  • 8. 
    Store cards will always give you the best rate of interest?
    • A. 

      True

    • B. 

      False

  • 9. 
    You owe £3000 on a credit card with an interest rate of 17.9%, you repay the minimum of 2% on the card, how long will it take you to pay off the debt?
    • A. 

      10 years

    • B. 

      20 years

    • C. 

      40 years

  • 10. 
    What is the maximum rate of interest on a Norfolk Credit Union loan?
    • A. 

      16.8% APR per month

    • B. 

      26.8% APR per month

    • C. 

      36.8% APR per month