Glossary – Multiple Choice Questions (MCQs)

1. 1. What does the financial term 'Asset' mean?

   • A. A liability
   • B. A valuable resource
   • C. An expense
   • D. A debt

2. 2. What does the financial term 'Liability' mean?

   • A. An obligation
   • B. An income
   • C. A resource
   • D. A gain

3. 3. What does the financial term 'Equity' mean?

   • A. Total income
   • B. Owner's interest
   • C. Debt
   • D. Revenue

4. 4. What does the financial term 'Collateral' mean?

   • A. An investment
   • B. A loan
   • C. A security for loan
   • D. A deposit

5. 5. What does the financial term 'Interest' mean?

   • A. Loan amount
   • B. Bank fees
   • C. Earnings on deposits
   • D. Loss on equity

6. 6. What does the financial term 'Capital' mean?

   • A. Revenue
   • B. Loan
   • C. Money invested
   • D. Expense

7. 7. What does the financial term 'Inflation' mean?

   • A. Price decrease
   • B. Steady prices
   • C. General price rise
   • D. Deflation

8. 8. What does the financial term 'Credit' mean?

   • A. Borrowed money
   • B. Paid salary
   • C. Deduction
   • D. Saving

9. 9. What does the financial term 'Debit' mean?

   • A. Increase in assets
   • B. Decrease in assets
   • C. Loan
   • D. Tax

10. 10. What does the financial term 'Revenue' mean?

    • A. Income
    • B. Expense
    • C. Debt
    • D. Loss

11. 11. What does the financial term 'Loan' mean?

    • A. Investment
    • B. Advance payment
    • C. Borrowed funds
    • D. Dividend

12. 12. What does the financial term 'Mortgage' mean?

    • A. Rent
    • B. Deposit
    • C. Home loan
    • D. Cash