Financial Intelligence 101

What is a a LEGAL AGREEMENT in which you borrow money

from a bank in order to buy a house?

• Mortgage

• Income

• Interest

• Loan

When you buy a house you need to put 20% of your own money.

What is that called?

• Mortgage

• Interest

• Down payment

• Insurance

A mortgage is made of 3 important things. What are they?

• Interest rate

• Loan

• Duration

• Income

Banks make their money charging you...

• Interests

• Income

• Expenses

• Loan

Money that someone gets from working or from investing money.

• Income

• Interest

• Expenses

• Loan

An amount of money that you spend in order to buy or do something.

• Income

• Interest

• Expenses

• Loan

In Spain, the income tax is called...

• Mortage

• IRPF

• Municipal taxes

• Deductions

In Spain, someone who earns 15.000 euros must pay hacienda a percentage of...

• 24%

• 30%

• 45%

• 47%

When you plan your monthly income and expenses, you must make a...

• Mortage

• Loan

• Budget

• Income

When you earn money as an employee, you have a...

• Wage

• Expenses

• Loan

• IRPF