
BB level 1 questions
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Professional Development
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Adriel (Bbss)
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24 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
what is a credit card?
A card that allows you to borrow money from the bank for purchases
card that lets you buy anything you want without paying
a card that is used to buy things using your own bank accounts money
Cards that allow you to make only big purchases
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is a common warning sign of a potential financial scam?
What is a common warning sign of a potential financial scam?
Guaranteed high returns with no risk
Transparent communication about risks
Verified credentials of the advisor
Government oversight and regulation
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following is a common type of investment?
Buying designer clothes
Putting money in a piggy bank
Purchasing stocks
Spending all allowance on snacks
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
If an individual in Singapore has an earned income of $40,000 and qualifies for an Earned Income Relief of $1,500, what is their taxable income?
If an individual in Singapore has an earned income of $40,000 and qualifies for an Earned Income Relief of $1,500, what is their taxable income?
$37,000
$38,500
$39,000
$41,500
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
how old minimum do you have to be so that you are eligible for credit cards?
how old minimum do you have to be so that you are eligible for credit cards?
18
19
20
21
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
How can individuals protect themselves from financial scams?
How can individuals protect themselves from financial scams?
give away personal information
Avoid conducting any research before investing
By being skeptical of offers that sound too good to be true
Share financial information freely online
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
If you take a loan of $10 000 from a bank at an interest rate of 12% per annum for 4 years, based on simple interest calculate the total amount you have to pay the bank.
If you take a loan of $10 000 from a bank at an interest rate of 12% per annum for 4 years, based on simple interest calculate the total amount you have to pay the bank.
$4800
$9600
$14 800
$24 800
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