Financial Services
Legal validation: 15/03/2011
Quiz
Quiz: Test your budgeting habits
Into: Managing a family budget 
Can you manage your budget? Keeping on track with your budget
Do this quiz to find out if your budgeting habits are good! Read more
Quiz: Do you know what category your expenses belong to?
Into: Managing a family budget Can you manage your budget? Keeping on track with your budget
Fixed costs or everyday and occasional spending ? Read more
Quiz: Do you know how to manage your budget successfully?
Into: Managing a family budget Can you manage your budget? Keeping on track with your budget
Time to test what you know! Choose from the list of suggestions in the quiz, the activities that you feel are the ’most important’ for managing your family budget successfully. Indicate ’yes’ or ’no’ to each suggestion. Read more
Exercise: Calculate your financial capability
Into: Managing a family budget Can you manage your budget? Calculating your financial capability
Mr and Mrs Smith are planning to have a new kitchen fitted in their house. The chosen kitchen including appliances costs €4,500. Mr Smith has a take home salary of €1,500; and Mrs Smith who looks after their 3 children receives €250 in child benefit and tax credit every month. Also, the couple’s monthly expenses come to €850, plus €400 for mortgage repayments. Can Mr and Mrs Smith afford to have their new kitchen? When you have decided yes or no click on the answer link below to check to see (...) Read more
Activity: Credit ? Did you say credit?
Into: Managing a family budget Financing your purchases Using credit
Test your knowledge by filling in the missing words below. Credit agreement means a ...........?........... whereby a natural or legal person, a ...........?..........., pledges to lend a sum of money to a consumer, the borrower. In return, the .........?......... commits to repaying the borrowed sum with added...........?........... There is a difference between: mortgages which are used to purchase..........?.........., consumer credit which can be used to purchase goods and (...) Read more
Test your knowledge of investments
Into: Managing a family budget Financing your purchases Using savings
Test your knowledge... can you match the ’investments’ with the appropriate ’purposes’ ? Just click on the document, print it and fill it in! Read more
Activity: Benefit from the competition
Into: Consumer credit Getting a loan or credit Where can you get it?
You are trying to get a loan or credit... how are you going to do this? Activity : Organise the sentences below into the sequence that you should follow when obtaining a loan or securing a credit agreement. 1 Get a quote or payment plan from several other lenders 2 Get an offer from the bank or building society that normally holds your account 3 If your bank refuses to grant you credit, consider using other creditors 4 Clearly define your needs 5 Seek advice from a reputable (...) Read more
Quiz: Consumer Credit
Into: Consumer credit Getting a loan or credit How to get credit?
How much do you know about getting credit? Read more
Activity: The cost of credit?
Into: Consumer credit The cost of consumer credit How to calculate it?
Test your knowledge... Take part in this exercise to evaluate your understanding of the ’credit’ topic. Complete each sentence by filling in the gaps with the appropriate word or expression from the list below. Not all of the words in the list will be used! When a potential borrower wants to take out credit, he / she must be particularly mindful of the __________________of charge offered to him / her. In fact, this rate is the only way to compare the various offers on a like for like (...) Read more
Activity: Calculate the cost of credit and compare different offers
Into: Consumer credit The cost of consumer credit How to compare between offers?
Evaluate your skills when it comes to taking into account all of the elements that are necessary for comparing several offers and working out their costs. Calculate the cost of credit in the following two examples. Example 1 You borrow €7,000 over 3 years at 7%, which gives you monthly repayments of €216.14. What is the cost of credit? Check your answer by clicking here Example 2 You borrow €10,000 over 5 years at a rate of 5,5%. What is the cost of credit? Check your answer by (...) Read more
Quiz: Credit agreements
Into: Consumer credit Consumer protection in the credit sector Introduction to credit agreements
Take this short true or false quiz to check your knowledge of credit agreements. Read more
Quiz: How shrewd are you?
Into: Consumer credit Consumer protection in the credit sector What you need to know
Test how shrewd you are with this short multiple choice quiz on consumer protection. Read more
Activity: Different ways to make credit repayments
Into: Consumer credit Credit repayment Standard loan and credit agreement
Test your knowledge The following exercise will allow you to test or update your knowledge of the different ways to make credit repayments. Activity: Using words / phrases from the following list complete the sentences below: ............................................................................................................ date; early repayment; interest rates applied; late repayment; personal loan; secured loan. (...) Read more
Exercise: I have repayment problems; what can I do ?
Into: Consumer credit Credit repayment I have repayment problems; what can I do?
For one reason or another, you are no longer able to meet your monthly repayments. How would you react, what would you do? Exercise: If you were in debt which of the following suggestions would seem the most appropriate? Identify the five suggestions that you think are correct. 1. Contact your creditor 2. Take out a new loan 3. Contact MABS 4. Throw all the creditors letters in the bin 5. Negotiate a new repayment schedule 6. Work out a financial statement 7. Cut all payment cards (...) Read more
Exercise: Test your knowledge of guarantee agreements
Into: Consumer credit Guarantee agreements What is a guarantor?
Test your knowledge As you have surely understood, a guarantee agreement is a very serious commitment which requires careful consideration... To make sure that you don’t commit yourself to becoming a guarantor without taking all of the consequences into account, test your knowledge by taking this short quiz... Exercise Complete the sentences below by selecting and inserting the correct words or terms from the following list: in full; amount of debt; guarantor; duration; in part; (...) Read more
Exercise : Do you understand insurance terms?
Into: Consumer credit Guarantee agreements Do you need an insurance policy?
Test your knowledge by completing the following exercise. You need to match each word or term with the correct definition. MPPI; Exclusion clauses; Mortgage protection insurance; Incapacity cover; Qualification period. ..............................The period of time you have to wait before you can start receiving any claim benefits. ..............................It pays off the mortgage loan if you die. ..............................Where an Insurer pays incapacity benefits (...) Read more
Activity: What do I need to consider before signing up for a mortgage?
Into: Mortgages Mortgage offers What do I need to know before signing up for a mortgage?
Complete this exercise to help you assess your knowledge. Complete each of the two sentences by selecting the appropriate statements from the list below. my salarymy spouse’s salarymy children will go to university /college and fees will need to be paida crash in the stock market my parents’ promise to help my parents can no longer helpreturns on investmentslong term unemployment share dividendsbenefit payments 1.To meet my mortgage payments I can rely on the following... 2.To pay my (...) Read more
Quiz: Choosing between fixed or variable rate of interest
Into: Mortgages Mortgage offers Choosing between fixed or variable rate of interest
Test your knowledge Are you completely comfortable with the concepts of fixed and variable rates? Read more
Quiz: Know your cover
Into: Mortgages Mortgage protection Which type of cover do I need?
In each situation, you have a number of options; choose the right one. Read more
Activity: Which type of guarantee is required from me?
Into: Mortgages Mortgage protection Which type of guarantee is required from me?
Test your knowledge! Fill in the blanks in the following sentences... If you need to borrow a large percentage of the value of your home (High LTV), many lenders will ask you to pay for a ......?....... A mortgage indemnity guarantee is a type of insurance that protects ......?...... When calculating the amount you can borrow, the lender will ......?......your guarantor’s income in the normal way, and then subtract any ......?......your guarantor may have. If, for example, your parents (...) Read more
Quiz: What type of cover do I need ?
Into: Mortgages Mortgage protection What type of cover do I need?
Check your understanding Test your knowledge with the following exercise! Read more
Activity: Check your understanding of insurance policies
Into: Mortgages Mortgage protection What type of cover do I need?
Do you know everything there is to know about insurance policies? Test yourself! Complete the sentences by filling in the missing words. Use the word bank below to assist you. Most policies .....?..... claims arising from .....?..... medical conditions that you are aware of or should reasonably have been aware (.....?.....) of when the policy was purchased. Should you become unable to work as a result illness contracted prior to the .....?..... of the contract, the insurer can (...) Read more
Quiz: Which repayment method?
Into: Mortgages Mortgage repayments Repayment methods
Test your knowledge... Interest only, repayment mortgages, bridging loan; you need to make the right choice! Read more
Quiz: I want to make early payments - what are the consequences?
Into: Mortgages Mortgage repayments Early repayments
Test your knowledge... Check your understanding by answering true or false to each of the following questions. Read more
Quiz: Applying for credit in another EU country
Into: Mortgages Taking out a mortgage in another EU country EU Mortgages
Test your knowledge Do you have all of the information that you need to apply for credit in another EU country? Read more
Quiz: Opening a bank account
Into: Running a bank account Opening and closing a current account How to open a bank account?
Test your knowledge! Check your understanding with the following quiz Read more
Quiz: Banking in another EU country
Into: Running a bank account Opening and closing a current account How to open an account in the EU?
Test your knowledge! How much do you know about banking in another EU country? Read more
Quiz: My bank sends me a bank statement; what should I know about it?
Into: Running a bank account Current account ...more information My bank sends me a bank statement; what should I know about it?
Test your knowledge Answer either true or false to each of the following statements. Read more
Activity: Cheque clearing cycle-how does this affect my account?
Into: Running a bank account Current account ...more information Cheque clearing cycle: how does this affect my account?
Test your knowledge Here are several situations which you might have experienced yourself... You need to accept or reject each proposition that is made to you. 1. On March 15th Johns parents, who live abroad, have made a credit transfer to his account. The clear date for this transaction can be: 15th March. 2. Helen from Dublin has made a €60 withdrawal from her current account. On her bank statement, the operation will be dated a day before the withdrawal (...) Read more
Quiz: Cash payments in your country; what does the law say?
Into: Means of payment Cash payments Cash payments in your country; what does the law say?
Find out how much you really know about paying in cash... Answer true or false to each statement. Read more
Quiz: Where and when to pay by cheque ?
Into: Means of payment Cheques Where and when to pay by cheque?
Test your knowledge... What could be better for you than a true/false exercise to check how much you know about paying by cheque? Read more
Exercise: Would you know what to do if you lost your cheque book?
Into: Means of payment Cheques Cheques lost or stolen; how to stop them?
Do you know the procedure you should follow if your cheque book is lost or stolen? Do the following exercise, and you’ll soon find out... You have just realized that several cheques are missing from your cheque book. What are you going to do? Below are the steps that you should follow but you need to put the steps in the correct order Report the theft to the policeCheck your bank statements for transactions you did not authorise, and dispute their payment if necessary.Phone your branch (...) Read more
Quiz: "Bounced" cheques; what should you do ?
Into: Means of payment Cheques "Bounced" cheques; what should you do?
Test your knowlledge ! Have you taken in all the information about writing or receiving "bounced " cheques? Complete the following quiz and you’ll soon find out. Read more
Exercise: Which card is right for you?
Into: Means of payment Debit and credit cards Basic facts about debit and credit cards
Which card is right for you? You need to choose your bank card in view of your needs and its usability. The following exercise will help you to make an informed choice. Match each card type with the correct characteristics. Types of Cards Cash card;Debit card solo;Debit card switch;Credit card;International debit card; Characteristics: Can make payments and cash withdrawals at home and abroad.Only allows cash withdrawals from cash machines.Can make purchases only if there is enough (...) Read more
Quiz: Withdrawing money - what if something goes wrong?
Into: Means of payment Debit and credit cards Withdrawing money
Test your knowledge... on withdrawing cash from an ATM! Read more
Quiz: Credit Card Fraud
Into: Means of payment Debit and credit cards Fraud
What would you do if you were a victim of card fraud? The following quiz should tell you a bit more about how you would react if you were in this kind of situation. Click on the answer you think is correct (true/false). Read more
QUIZ: Tips on managing your money
Into: Means of payment Other means of payment eMoney
Quiz: How to make investments on the stock market: stocks and shares
Into: Savings and Investments Stock market investments Stocks and shares
Test your knowledge of the various types of orders Would you know which type of order to give your broker? Read more
Activity: Buying or selling shares?
Into: Savings and Investments Stock market investments Stocks and shares
Test your investment strategy. Buying or selling shares? Is this the right time? Below is a list of factors that you should consider when deciding whether to buy or sell shares. (a)Identify the factors that would indicate that you should SELL (b)Identify the factors that would indicate that you should BUY Factors to consider 1. Interest rates are down. 2. All the traders have advised me to buy into a particular company. 3. the economy is slowing right down, 4. Past fluctuations (...) Read more
Quiz: How much do you know about life insurance ?
Into: Savings and Investments Life insurance policies What is life insurance?
Complete the following quiz to find out how much you know about life insurance. Read more
Exercise: Which type of insurance for which situation?
Into: Savings and Investments Life insurance policies What is death policy?
Test yourself with the following exercise! Do you know what type of insurance to choose? (a) Would you choose Protection only insurance or Insurance linked savings in the following scenario? I am in good health, I just want the mortgage to be covered.I may extend the term of the policy. I am the household’s only earner. (b) Would you choose Protection only insurance or Insurance linked savings in the following scenario? I am thinking about retirement. I would like additional (...) Read more
Quiz: Collective investment funds
Into: Savings and Investments Pooled Investments Pooled investments
What do you remember about collective investment funds? Complete the following quiz and find out! Read more
Quiz: Test your knowledge of savings and investments
Into: Savings and Investments Conclusion Savings and investments - Which type?
Do you feel confident about your knowledge of the world of savings and investments? Check how good you are with the following quiz. Read more
