Fortunity Quiz - St Nicholas

23 Questions | Total Attempts: 37

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Finance Quizzes & Trivia

A test based on the interactive online board game designed to engage and inspire pupils with personal finance education. Using a virtual board game and avatars, players move through different stages of life, from the teenage years to retirement, making everyday and long-term decisions and discovering their outcomes.


Questions and Answers
  • 1. 
    Which of these dispenses cash 24 hours a day?
    • A. 

      ATM

    • B. 

      APR

    • C. 

      EMA

    • D. 

      ISA

  • 2. 
    APR, short for Annual                  Rate, it's a legal requirement for APR to be shown on products where you borrow money in order that an easier and fairer comparison can be made.
  • 3. 
    Which students are EMA payments aimed at helping?
    • A. 

      Students staying on in education after 16.

    • B. 

      All students

    • C. 

      University students

    • D. 

      Students aged 11 - 16

  • 4. 
    Student loans cover living costs, accommodation and what else?
    • A. 

      Tuition fees

    • B. 

      Car tax and insurance

    • C. 

      Nights out

    • D. 

      Computers to help with essay & coursework

  • 5. 
    What is Jobseeker’s Allowance commonly known as?
    • A. 

      The Pole

    • B. 

      JSA

    • C. 

      The Dole

    • D. 

      Benefit allowance

  • 6. 
    What is the name for the amount you can earn before paying tax?
    • A. 

      Tax Allowance

    • B. 

      Tax allowed

    • C. 

      Taxed always

    • D. 

      Stamp Duty

  • 7. 
    What name is given to the amount you are paid for a job over a period of time (usually each month)?
    • A. 

      Salary

    • B. 

      Shares

    • C. 

      Equity

    • D. 

      Deposit

  • 8. 
    Anything owned by the company having a monetary value; eg: buildings, plant and machinery, vehicles e.t.c is called what?
    • A. 

      Annuity

    • B. 

      Debt

    • C. 

      Overheads

    • D. 

      Assets

  • 9. 
    What is an Annuity?
    • A. 

      Measure of operational efficiency - shows how much revenue is produced

    • B. 

      A fixed sum of money paid to someone each year, typically for the rest of their life.

    • C. 

      The movement of cash in and out of a business from day-to-day

    • D. 

      A new unit for a business

  • 10. 
    What is Capital gains Tax?
    • A. 

      The amount gained when an asset is sold above its original purchase price.

    • B. 

      An increase in the value of an asset.

    • C. 

      Is money provided to a business in exchange for part ownership of the business.

    • D. 

      General tax taken from anyone earning a wage.

  • 11. 
    Default is a failure to pay a               or other debt obligation.
  • 12. 
                       is a reduction applied to a full priced good or service.
  • 13. 
    What is a public or private sector enterprise providing public services such as gas, electricity and water.
    • A. 

      Utilities

    • B. 

      Stakeholder

    • C. 

      RRP

    • D. 

      Power Companies

  • 14. 
    What does PIN stand for ?
    • A. 

      Personal Incident Number

    • B. 

      Personal Identification Network

    • C. 

      Personal Identification Number

    • D. 

      Protective Income Nuisance

  • 15. 
    RPI stands for Retail                     Index.  
  • 16. 
    Stamp duty is a tax paid when you buy a                  .
  • 17. 
    VAT stands for Value Added           .  
  • 18. 
    Tax is a compulsory contribution to the                           , taken from workers' income and business profits, or added to the cost of some goods, services, and transactions.
  • 19. 
    A                             is an instruction to a bank by an account holder to make regular fixed payments to a particular person or organization.
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