M6

Dear Participant,

You have registered yourself for Perception Test for your "Promoting Financial Literacy of Potential Migrant Female Entrepreneurs" Module. Here are the questions to assess yourself. Results will be made known only to you and our project's assessors, who will keep all your information and results at utmost confidential and never share them with third parties.

Thank you for your participation!

The i-Mentor Project Team


1. Which of the following is true about cash flow?

a) It is the same as profit
b) It is different from profit
c) It is the same as revenue
d) All of the above

2. Which of the following is one of the reasons a mentee needs a commercial bank account?

a) To accurate bookkeeping
b) To be a good hobby
c) The bank undertakes all establishment transactions
d) In this case the bank does not charge interest on the loan

3. Which of the following is an example of product innovation?

a) ATM
b) POS Machines
c) Internet Banking
d) Insurance

4. Which of the following is Annual Percentage Rate (APR)?

a) The risk of loss if a counterparty fails
b) Cash flow management
c) Combines interest rate with all sorts of Different fees and costs
d) Principal balance

5. Which of the following is not related to financial literacy?

a) The capability of to understand retail financial products
b) The capability of to understand the Impact of Interest
c) The capability of to understand Tax ID and registering
d) The capability of to understand Budgeting Basics

6. Which of the following is not true for mentor guidance?

a) Directing the mentee to financial literacy websites
b) Research and teach about savings, budgeting and debt for the mentee
c) Giving them books, articles, news on financial literacy
d) Lending the mentee to set up their start up business

7. If you borrowed € 100 agree to repay it with 5% interest, how much would you repay?

a) €5
b) €105
c) €95
d) €100

8. Which of the following is finans?

a) Cash needed
b) Convertible values into cash
c) Provision of funds from demand deposits
d) All of the above

9. Which of the following is the definition of financial literacy?

a) Is how money is used in everyday life or the management of money and expenditure
b) Is the ability to manage one's personal and household finances well is an essential life skill provision of funds and their effective use
c) Is the capability of consumers and small business owners to understand retail financial products with a view to making informed financial decisions
d) All of the above

10. Which of the following is not a cost item for any business?

a) Fixed costs that include fixed expenses such as rent, rates, salaries and financing costs
b) They are variable costs, including raw materials and overtime
c) They are the cash flow entering and leaving the business in a given period
d) They are one-time capital costs such as purchasing computer equipment or buildings

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