Second Trimester Quiz

What are some alternatives to storing your money in the long term? ( More than one option answer)

• Cash

• Stocks

• Real Estate

• Gold

• High Yielding Savings Account

What do we call the amount of money you have left to pay in your loan?

• Down Payment

• Principal

• Interest

• Inflation

In the formula for simple interest :

F=P*(1+i)*n

What does "n" stand for?

• Number of years

• Number of months

• Number of compounding periods

• Term of the loan

In the formula for compound interest:

F=P*(1+i)^n

What does "n" stand for?

• Number of compounding periods

• Term of the loan

• Number of years

• Number of months

When you calculate the interest of a sum , and it is in percentage, what do you do with the percentage before multiplying it with the sum?

• Divide by 100

• Multiply by 100

• Divide by 10

• Multiply by 10

In the long term , which method of interest is better for the payer?

• Compound Interest

• Simple Interest

What is the standard inflation rate per year ?

• 1-2%

• 2-3%

• 3-4%

• 4-5%

When the cost of production increases, it pushes the price of a product upwards. What type of inflation is this?

• Cost- Push inflation

• Demand Inflation

• Money Supply

• Minecraft Inflation

If adidas released a new exclusive shoe, and there were only 100 of them produced, their price would increase as the production number decreases. What type of inflation is ?

• Cost Push

• Demand

• Money Supply

• Donald Trump

What time is our call every morning?

• 9:30

• 9:40

• 9:50

• 10:00