What is the tallest mountain in the world?
a) K2
b) Mount Everest
c) Mount Kilimanjaro
d) Denali
b) Mount Everest
What is the purpose of insurance?
a) To make large purchases
b) To protect against financial loss due to unexpected events like accidents or illness
c) To invest in real estate
d) To pay off student loans
b) To protect against financial loss due to unexpected events like accidents or illness
What are liabilities?
Things that take money out of your pocket
Which prime number is the only even one?
The only even prime number is 2
Who painted "Starry Night"?
a) Pablo Picasso
b) Vincent van Gogh
c) Claude Monet
d) Edvard Munch
b) Vincent van Gogh
What does the term "mortgage" refer to?
a) A loan taken out to finance the purchase of real estate
b) A government assistance program for low-income individuals
c) A type of retirement savings account
d) A financial institution offering savings accounts
a) A loan taken out to finance the purchase of real estate
What is the purpose of a credit report?
a) To track monthly expenses
b) To provide a summary of income sources
c) To assess a person's borrowing and repayment history
d) To manage investments
c) To assess a person's borrowing and repayment history
In which area of math are the phrases sine, cosine, and tangent used?
a) Algebra
b) Geometry
c) Trigonometry
d) Calculus
c) Trigonometry
What is the capital city of Australia?
a) Sydney
b) Melbourne
c) Canberra
d) Brisbane
c) Canberra
What are assets?
Things that put money in your pocket
Shareholders do not decide what a company does through voting
a) True
b) False
b) False
In degrees, what is the sum of the interior angles of a regular pentagon?
540°
Which fruit is the most popular and consumed worldwide?
a) Banana
b) Apple
c) Mango
d) Tomato
d) Tomato
What do the rich do?
a) Buy more assets, less liabilities
b) Buy less assets, more liabilities
a) Buy more assets, less liabilities
What does "liquidity" mean in financial terms?
a) The ease with which an asset can be converted into cash without losing value
b) The total value of a person's assets
c) The annual rate of return on an investment
d) The amount of money a person earns monthly
a) The ease with which an asset can be converted into cash without losing value
What type of angle is less than 90 degrees?
Acute Angle
What is the strongest muscle in the human body?
a) Biceps
b) Quadriceps
c) Heart
d) Jaw Muscle (Masseter)
d) Jaw Muscle (Masseter)
What is the purpose of a credit card grace period?
a) To provide free credit for a certain period of time
b) To allow cardholders to pay their balance in full without accruing interest
c) To offer rewards and cashback on purchases
d) To increase the credit limit on the card
b) To allow cardholders to pay their balance in full without accruing interest
Common stock is also known as normal stock.
a) True
b) False
b) False, it is known as Ordinary Stock
What number does M represent in Roman numerals?
a) 1000
b)10000
c)10
d)100
a) 1000