Fortunity Quiz - St Nicholas
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.
- 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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