Group Stage 2

What is the money used to start a business called?

• Investment capital

• Initial Public Capital

• Operating Capital

You bought an item for N80,000, spent N5,000 on transport, and sold it for N82,000. Profit, loss, or break-even?

• Profit

• Lose money

• Break even

What does the term "liquidity" refer to?

• How quickly an asset can be converted into cash without losing value

• How much money you have in your bank account

• How many assets you own

Tolu earns ₦500 per hour at her part-time job. If she works for 20 hours each week, how much does she earn in a month? 

• ₦20,000

• ₦40,000

• ₦60,000

• ₦80,000

Who is the current CBN Governor

• Godwin Emefiele

• Godwin Obaseki

• Yemi Cardoso

 The main reason to save money as a teenager is?

• To buy the latest video game

• To brag to your friends about how much you have

• To achieve your financial goals and have a safety net

• To avoid asking your parents for money

What is the difference between gross pay and net pay?

• They are the same thing

• • Gross pay: total earnings before deductions. Net pay: what you take home. 

•  Gross pay is your allowance, and net pay is what you save

•  Net pay is what you owe your parents, and gross pay is what they give you

When negotiating a raise in your allowance, you should

•  Threaten to stop doing chores

• Present a well-thought-out budget plan with increased responsibilities

• Demand a specific amount

• Complain about how expensive everything is

What is a money market?

• A place where stocks, bonds, and other securities are bought and sold

• A market trading short-term debt securities like Treasury bills.

• A platform for trading cryptocurrencies and digital assets.

What is the meaning of the acronym SEC?

• Securities and Exchange Commission

• State Economic Council

• Securities Exchange Committee