How much do you know about this section? Answer the following questions to find out!

1. I would rather spend on going to the cinemas than on housing.
True
False

2. Household appliances are more important then MP3 players.
True
False

3. Saving starts when I start working.
True
False

4. Its too late to save now.
True
False

5. I should save everything single penny I receive.
True
False

6.The formula for compound interest is FV = PV (1 + i).
True
False

7.Agflation is an increase in the price of food that occurs caused by an increased demand from human consumption or as an alternative energy resource.
True
False

8. Loaning is part of banking.
True
False

9. I can expect my parents to give me more money to save up.
True
False

10. The formula for simple inerest is " I = PV   x   i".
True
False