Pick the money term, fast

Exercise and reference answers

Questions

1. Question

   A discount is a reduction on the

   Choices

   1. Cost price
   2. Marked price
   3. Profit

   Correct choice

   Marked price

2. Question

   The tax already inside the printed price

   Choices

   1. Sales tax
   2. Excise
   3. VAT

   Correct choice

   VAT

3. Question

   Introduced by the Government on July 1, 2017

   Choices

   1. GST
   2. VAT
   3. Service tax

   Correct choice

   GST

4. Question

   Interest earned on interest is

   Choices

   1. Simple
   2. Compound
   3. Flat

   Correct choice

   Compound

Instructions

Tap the correct option for each round.

Explanation