Personal finance trivia

100 Personal finance trivia questions, no sign-in. Review your misses in the LoreUp app.

• What do we call a tax where the person who pays it and the person who really bears it are different?Tax
• What do we call the taxes collected by local governments and spent on running the local area?Tax
• A tax where the person who pays it and the person who really bears it are different is called an indirect tax.Tax
• Income tax is the tax paid on the income a person earns.Tax
• Which tax is paid on the income earned from work?Tax
• Which social insurance lowers what a patient pays themselves for hospital treatment?Insurance
• Which social insurance compensates you when work injures you or makes you ill?Insurance
• Insurance is a form of saving that returns more than you paid in, just for signing up.Insurance
• An unsecured loan is a loan taken by putting up a house as security.Loans, credit and debt
• What do we call the person who bears the legal obligation to pay a tax?Tax
• Missing the filing deadline for a tax return brings an additional penalty tax on top of the tax owed.Tax
• Which tax must be paid every year for owning a car?Tax
• What is the rate of value-added tax in Korea?Tax
• What is the method of taxation that applies a higher rate as income rises?Tax
• Which tax is charged on the profit a company earns?Tax
• Which is the main tax included in the price you pay when you buy goods?Tax
• What is the main reason a state collects taxes?Tax
• Taxes have nothing to do with running a country, so there is no need to collect them.Tax
• In Korea the rate of value-added tax is 10%.Tax
• Under income tax everyone pays the same amount, whether their income is large or small.Tax
• Income tax is a progressive tax, applying a higher rate as income rises.Tax
• Corporate tax is the tax charged on the wages an individual earns.Tax
• In Korea every tax is a national tax collected by the central government.Tax
• The tax included in the price you pay when you buy goods is called value-added tax.Tax
• Which insurance must a driver hold before using a car?Insurance
• Which of these is not one of Korea's four major social insurances?Insurance
• Which social insurance lets you draw unemployment benefit when you lose your job?Insurance
• Which social insurance is there to provide income in old age?Insurance
• What do we call the private insurance that covers the share of real hospital costs a patient paid out of pocket?Insurance
• What do we call the money a policyholder pays in regularly?Insurance
• What is the main reason for taking out insurance?Insurance
• What do we call the money an insurance company pays out when an accident or illness occurs?Insurance
• Health insurance means a patient pays only part of a hospital bill themselves.Insurance
• Insurance pays compensation after an accident even if you have never paid a penny in.Insurance
• In Korea the four major social insurances are the national pension, health insurance, employment insurance, and industrial accident insurance.Insurance
• If you are covered by employment insurance you can draw unemployment benefit when you lose your job.Insurance
• Industrial accident insurance compensates injuries suffered while resting at home.Insurance
• There is insurance a driver is legally required to hold in order to use a car.Insurance
• The national pension is a scheme that meets your treatment costs when an accident injures you.Insurance
• The money a policyholder pays in regularly is called the premium.Insurance
• Insurance is a system for preparing against the losses caused by unexpected accidents or illness.Insurance
• Which body supervises financial companies and protects financial consumers in Korea?Fraud and consumer protection
• What is the right judgment when a caller posing as a prosecutor tells you to move your money to a 'safe account'?Fraud and consumer protection
• What do we call a bank account opened in another person's name for use in crime?Fraud and consumer protection
• What do we call the fraud that takes money from someone by deceiving them over the telephone?Fraud and consumer protection
• In a financial transaction, which of these must never be told to anyone?Fraud and consumer protection
• What is the right thing to do when a text from a number you do not know contains an internet address?Fraud and consumer protection
• What should you do first when you think you have been defrauded?Fraud and consumer protection
• What is the right judgment when you meet an investment offer promising a guaranteed principal and a very high return together?Fraud and consumer protection
• Which trick gets a malicious app installed through an internet address in a text message?Fraud and consumer protection
• Which measure, requested from your bank when voice phishing is suspected, stops money from leaving the account?Fraud and consumer protection
• If you suspect voice phishing has hit you, you can ask your bank to freeze payments on the account.Fraud and consumer protection
• There is nothing wrong with lending your bank account or card to someone else.Fraud and consumer protection
• In Korea, the Financial Supervisory Service is the body charged with protecting financial consumers and supervising financial companies.Fraud and consumer protection
• A prosecutor's office or a financial regulator will sometimes telephone you and tell you to move your money to a 'safe account'.Fraud and consumer protection
• A password or a verification code should never be told to anyone.Fraud and consumer protection
• Voice phishing is a fraud that takes money from someone by deceiving them over the telephone.Fraud and consumer protection
• If you suspect you have been defrauded, you should report it to the police or your bank at once.Fraud and consumer protection
• An investment advertised as guaranteeing your principal while also paying a very high return is trustworthy.Fraud and consumer protection
• Smishing is the trick of getting a malicious app installed through an internet address in a text message.Fraud and consumer protection