Personal Finance Quiz

What is the definition of 'borrow'?

• Take something temporarily

• Give something temporarily

• Keep something permanently

• Buy something temporarily

What is the definition of 'lend'?

• Take something temporarily

• Give something temporarily

• Keep something permanently

• Buy something temporarily

What does 'afford' mean?

• Possess or own
  

• Have the money to buy something

• Save money for the future

• Give money back

What does 'charge' mean?

• Put money into your bank account

• Take money out

• Demand payment for a service

• Be in debt

What is the definition of 'inherit'?

• Buy something new

• Lose something valuable

• Ask for a loan

• Receive something from a predecessor

What does 'invest' mean?

• To spend money without any expectation of return
• To give donate money

• To hide money under your bed

• To put money in order to earn a financial return

What is the meaning of 'owe'?

• To give money to somebody

• To spend money on unnecessary things

• To receive a gift

• To be in debt to someone

What does 'insurance' mean?

• A guarantee on a product

• A financial protection against risks or losses

• A type of investment

• A discount

What is the meaning of 'mortgage'?

• A house for sale

• Money that the government gives you to buy a house

• Money that the bank gives you to buy a house

• A tax on house owners

What is the definition of 'tax'?

• A type of bank

• When you go to prison

• The cost of a meal in a restaurant

• A monetary contribution to the State