Page last updated at 07:04 GMT, Wednesday, 18 February 2009

How good is your financial knowledge?

Piggy bank

The BBC has gathered a panel of experts to help people with their financial dilemmas at the Money Matters Roadshow in Manchester.

But can you hold your own when it comes to financial know-how?

Find out now, with our fiendish quiz.

Good luck!

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Question 1
How much does a house have to cost before you pay stamp duty?
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A: You pay stamp duty on all property purchases
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B: 125,000 GBP
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C: 175,000 GBP
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D: 250,000 GBP
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Question 2
How much is the weekly State Pension for a single person?
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A: 75.40 GBP
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B: 90.70 GBP
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C: 114.90 GBP
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D: 145.05 GBP
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Question 3
If your credit card is charging 18% APR and you have used it to buy a computer for 500 GBP, how long will it take to pay off, if you make just the minimum monthly payment (if your minimum payment is 2% of the outstanding balance with a minimum of 5 GBP)?
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A: 2 years 8 months
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B: 8 years 6 months
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C: 16 years 8 months
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D: 19 years 4 months
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Question 4
In financial terms, what does Isa stand for?
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A: Individual Savings Account
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B: International Savings Association
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C: Irregular Savings Account
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D: Independent Savings Adviser
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Question 5
How much money can you put into an Isa each year?
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A: 3,000 GBP in cash or shares
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B: 3,600 GBP in cash
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C: 7,200 GBP in cash or shares
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D: 7,200 GBP including a maximum of 3,600 GBP in cash
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Question 6
What is the current rate of Value Added Tax (VAT)?
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A: 10%
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B: 15%
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C: 17.5%
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D: 12%
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Question 7
If you have savings in a bank which is regulated by the Financial Services Authority, to what level are your savings guaranteed if the bank goes bust?
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A: No guarantee
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B: 35,000 GBP
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C: 50,000 GBP
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D: Limitless guarantee
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Question 8
What is the current Inheritance Tax limit?
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A: 112,000 GBP
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B: 212,000 GBP
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C: 312,000 GBP
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D: 412,000 GBP
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Question 9
According to the Bank of England, what was the average annual interest paid on an instant access savings account as of the end of January 2009?
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A: 0.5%
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B: 0.7%
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C: 0.9%
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D: 1.1%
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Question 10
If a couple - both aged 65 - were entitled to a Winter Fuel Payment, how much would they typically receive between them?
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A: 125 GBP
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B: 250 GBP
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C: 375 GBP
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D: 500 GBP

 Press the button and see how you have done



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