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Last Updated: Wednesday, 21 January, 2004, 13:58 GMT

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Factual finance quiz

How much do you really know about money and personal finance? Take the Hey Big Spender! quiz to see if your knowledge is a financial asset or liability.

Question 1

What is the current UK Bank of England base interest rate?


	A: 3.5%


	B: 3.75%


	C: 17.5%

Question 2

What does APR stand for?


	A: Annual Percentage Rate


	B: Actual Percentage Rate


	C: Actual Preferred Rate

Question 3

In the average UK household, which domestic appliance uses the most energy in a year?


	A: Dishwasher


	B: Washing machine


	C: Fridge freezer

Question 4

What is the difference between a secured loan and an unsecured loan?


	A: A secured loan means the borrower is guaranteed a certain interest rate


	B: A secured loan means that if the borrower has difficulty paying the amount back, he can take a payment holiday


	C: A secured loan is guaranteed on the value of the borrower's house or other asset

Question 5

The higher rate of income tax is 40%, but at what level of earnings do you have to start paying it if you are under 65?


	A: �23,504


	B: �35,515


	C: �49,555

Press the button and see how you have done

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