Understanding My Finance

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Braintrain

Below you will find a series of 10 'True or False' questions. All the answers can be found within this site. Make your selection, enter your name and email address into the boxes provided and click submit.

You only need to submit your answers once to be entered into our regular monthly prize draw, where you could win £20 of HMV vouchers.

1) Hire purchase is usually a cheaper way of buying an expensive item than taking out a personal loan.

True

False

2) You must take out travel insurance with the travel agent who books your holiday.

True

False

3) Your tax code tells your employer how much tax to deduct from your wages.

True

False

4) All full-time university students qualify for the full student loan.

True

False

5) Current accounts are only available from banks.

True

False

6) Most mortgage lenders generally require a deposit of 5% or more.

True

False

7) One in every four students has been a victim of crime at some point.

True

False

8) Opening a current account will qualify you for a credit card.

True

False

9) All types of car insurance will cover you for damage which you cause to your own vehicle.

True

False

10) If you save into a pension scheme the government will give you tax concessions.

True

False

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Rules: If you are under the age of 12 you must obtain permission from your parent/guardian before you enter the competition. You must provide us with your name and e-mail address to enter the competition. Only one entry will be accepted per person/email address. The site Editor's decision is final and no correspondence will be entered into. Winners will be contacted personally by email. Prizes must be taken as stated. There will be no cash alternatives. Prizes unclaimed after 28 days will be deemed to have been forfeited and Argyle reserves the right to offer the prize to the entrant whose name is next drawn at random. Entrants must supply full details as required and comply with all rules to be eligible for the prizes. No responsibility is accepted by Argyle for ineligible entries or entries made fraudulently. Argyle reserves the right to cancel a competition at any stage, if deemed necessary in its opinion, and if circumstances arise outside of its control. Argyle may use your details to contact you by email to notify you occasionally about important changes or developments to the Site or our services. Further, we might also use your information to let you know about other services that we offer which may be of interest to you. However, we will not publish them or provide them to anyone without your permission.