|
|
|
|
Starting a new job? Get smarter about money quiz.
1. What are the three ways of making money from an investment?
2. Dave earns $3,000 per month after taxes. His rent and other monthly bills cost $1,600 per month. Dave wants to get a car and he figures that he can get a car loan and run his car for about $1,000 per month. Should Dave buy the car?
3. How much do the employee benefits at a large employer commonly represent?
4. Sue starts an RRSP at age 20 and puts in $1,000 each year for 15 years. Robin starts an RRSP at age 35 and puts in $1,000 each year for 30 years. If they both get 6% per year on their investments, who will have more money at age 65?
5. Which of the following investments pay interest?
6. If you pay your bills each month and there is nothing left over, what is the best thing you can do?
7. Which is the lowest cost way to borrow money for a few months?
8. About 30% of Charlie's pay goes to income taxes and other government deductions. If he borrows $1,000 at 5% interest, roughly how much will Charlie need to earn to pay it off in one year?
9. Compared to people in their 40s and 50s, what sort of investment do younger people typically buy?
10. Which of the following things can insurance do for you?
|