Borrowing Quiz


For a bit of fun, answer a series of questions to find your money personality type. It's not very scientific but it should give you an insight into how you feel about money.

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  • 1) What was the total amount borrowed by UK consumers in April 2012?
  • 1.2 Million Pounds
  • 2.3 Billion Pounds
  • 1.4 Trillion Pounds
  • 3.5 Million Dollars
  • 2) What is a Loan?
  • An amount of money given to you by a bank
  • An amount of money you borrow from a bank and repay
  • An agreement to spend more money than is currently in your account
  • A separate account for you to spend money from
  • 3) What does APR stand for?
  • Annual Percentage Rate
  • Annual Protection Rate
  • Actual Percentage Rate
  • Average Percentage Rate
  • 4) What is Payment Protection Insurance?
  • An insurance which guarantees your wages will still be paid
  • An insurance which protects the bills you pay
  • An insurance against redundancy
  • An insurance which provides amounts of repayment for a loan
  • 5) An Overdraft is.....
  • An agreement with your bank to take out more money from your account than it currently contains
  • A type of bank account
  • A type of credit card
  • A type of loan
  • 6) You receive a credit card statement....
  • Once a year
  • Once a month
  • Every two months
  • Once a year
  • 7) The difference between a charge card and a credit card is...
  • They are provided by different companies
  • A charge card must be repaid in full within a given period
  • They are the same
  • Charge cards are more costly
  • 8) Store cards can be used....
  • In the same places as credit cards
  • To withdraw money from cashpoints
  • As a form of payment at a certain shop
  • When buying over the phone
  • 9) When buying goods on Hire Purchase....
  • You own the goods as soon as you buy them
  • You can pay off as much as you like
  • The lender owns the goods until you finish paying for them
  • There is no interest charge for the first 6 months
  • 10) A mortgage can be used to buy.
  • A house or flat
  • A car
  • Anything
  • A boat