Calculators and Evaluators Calculate. Evaluate. Interact. Know Your Money Matters? So you think you know your APRs from your annuities? Take this quiz and find out just how much (or little!) you know about personal finances. Name Business Email 1. What is stagflation? Economic stagnation (or recession) combined with rising prices Deer breeding season Overpricing by a single trader2. Do you know where and how to access your credit bureau report? Yes Not sure, but I know how to find out What’s a credit bureau report?3. What is stamp duty? Tax on postage stamps Tax on the buying of shares and property Tax on imported goods4. Do you know the cost of borrowing on your accounts? Yes Roughly Haven’t a clue5. Is interest taxed on investments in bank and building society accounts? Yes It depends on the account No6. Is interest taxed on investments in Individual Savings Accounts (ISAs)? Yes It depends on the account No7. What is an annuity? Annual payment received from a share portfolio Regular income paid by an insurance company in exchange for a lump sum Summary of company annual report8. What benefits does a home equity plan provide? Cash lump sum Monthly cash release Combination on a and b9. What is ‘power of attorney’? Barrister’s argument of a case in court Document authorising a person to act on behalf of another Invocation of the full force of law10. A credit card with an Annual Percentage Rate (APR) of 19% has a £1,600 debt on it. When paying only the minimum monthly repayment of 3% (and not using the card for any further purchases), how many monthly payments will it take to clear the debt? 15 67 15811. What does ‘bona fide’ mean? Buyer beware In good faith Dog bone12. What is ‘disposable income’? Wages received for a low-paid job Amount of money that an individual has available for spending after essential bills have been met. Payment received in cash13. What is a ‘dead cat bounce’? Children’s game A dance Rallying of stock before it drops to new lows (think even when a dead cat is dropped out of the window of a skyscraper, it bounces a little).14. What is affluenza? Psychological symptom of new wealth New strain of flu Phrase coined for Ferrari’s success in Formula One racing.