Only 5% scored more than five out of 10 on this ‘simple’ personal finance quiz… can YOU do better?
- Majority of those taking the quiz failed to answer 50% of questions correctly
- Suggests that many Britons do not understand financial jargon
- Take the quiz below to see if you can do better than most
The world of personal finance can be a baffling beast to many, with the combination of jargon and numbers causing some serious headaches.
A survey suggests we may know even less about the pound in our pocket than we thought.
Just a third of Britons know the current rate of Value Added Tax and fewer still know what an Annual Percentage Rate is, according to Vanquis, who offer credit cards to those with a limited credit history.
How does your knowledge stack up? Test your nous by answering the 10 ‘easy’ personal finance questions below – and don’t forget to tell us how you performed in the comments section.
If you can’t see this quiz because you are on the This is Money or MailOnline app, click this link: https://app.ex.co/stories/thisismoney/can-you-get-more-than-5-out-of-10-on-this-tricky-quiz-