Numbers in Money and Personal Finance (Quiz)
7 Sep 2015
- Compound interest is referred to as the magic of interest compound. YES NO
- VAT on an item is calculated by 14 ÷ 114 x 1000 = R122.80. YES NO
- The inflation rate dropped to its lowest level in 2010 + 0%. YES NO
- Mashonisas are money lenders to the informal sector. They fallUnder the National Credit Act. YES NO
- Stokvels are recognized by the big banks as a financial service Product. YES NO
- The value of a unit trust is the Net Asset Value (NAV) of the shares In that unit trust. YES NO
- In the Annual Top 100 Companies in the Business Times Competition the top five companies achieved compound growth over five years in excess of 35% per year. YES NO
- The PE Price Earnings ratio = market price per share
- Annual earnings per share YES NO
- Hedge funds particularly do well in a bear market. Profits are made as a share price falls. YES NO
- Shares on the Stock Exchange cannot be bought on line
- Through the Internet. YES NO
If you are a little rusty on these personal finance numbers you need to read Chapter 5 again. Don’t lose out on saving through buying shares directly or unit trusts.