45 Q5. Suppose you have 1000€ in a savings account earning 1% interest a year and inflation is 2% a year. After 1 year, how much would you have? A. More than now B. Exactly the same C. Less than now – CORRECT D. None of the above Q6. What affects the amount of interest that you would pay on a loan? A. Your credit rating B. How much you borrow C. How long do you take to repay the loan D. All the above – CORRECT Q7. Suppose that by 20 years your income has doubled and prices have doubled too. How much will you be able to buy with your future income? A. More than today B. Less than today C. The same as today – CORRECT Q8. When deciding which of the two items to purchase, one should always: A. Choose the item that costs less. B. Choose the item with the greatest benefits. C. Choose an item after comparing the costs and benefits of both items– CORRECT D. None of the above Q9. Suppose you put money in the bank for two years and the bank agrees to add 15 per cent per year to your account. How much money will the bank add to your account in the second year? A. More than the first year – CORRECT B. The same as the first year C. Less than the first year Q10. If the price of rice doubled and the price of pasta stayed the same, people would most likely buy:
RkJQdWJsaXNoZXIy NzYwNDE=