Financial Literacy Quiz
Authored by starry luo
English
Professional Development
Used 13+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is a long-term liability?
Your credit card bill to be paid next month
200 yuan you owe your colleague for meals
A 30-year mortgage loan for your house
Employee salaries to be paid this month
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the definition of a current liability?
A liability that is not easily converted to cash
A liability that is expected to be paid off within a year
A liability that is not owned by the company
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A loan that a company has to repay to a bank over a period of seven years is a long-term liability.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money that a company keeps in one of its bank accounts is a liability.
True
False
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is a fixed asset?
Inventory
Deposit
vehicle
cash
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
You buy a laptop for study with a student loan that needs to be repaid in 5 years. This loan is?
Current liability
Long-term liability
Current asset
Fixed asset
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A 3-year fixed deposit in your bank is a fixed asset.
True
False
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