The big fat financial quiz of the year!
2009 has been a momentous year in the world of finance - but how much of it do you remember? Take our Christmas quiz to find out.
It's Christmas Eve, and if you're stuck in the office, chances are you are killing time watching the clock or playing Solitaire on your computer. So we thought we'd provide you with a bit of entertainment, in the form of a lovemoney.com Christmas quiz!
What a year it's been, moneywise. Bankers' bonuses, more bailouts and Brown's final throws of the dice - the last twelve months have had it all. But can you remember it all?
Test yourself and see just how much of 2009 you can recall! The answers are at the very bottom of the page.
1) How big is the UK's national debt?
There's been an awful lot of talk about the size of the UK's national debt. But how much does it currently stand at?
a) £798 million
b) £798 billion
c) £7.98 billion
d) £79.8 billion
2) How have house prices changed?
After a difficult couple of years, house prices appear to have turned the corner. But how much have they increased by over the course of 2009, according to Halifax?
a) 6.3%
b) 5.8%
c) 4.2%
d) 3.6%
3) How many people are unemployed?
According to the Office of National Statistics, how many people are currently unemployed?
a) 1.6 million
b) 1.8 million
c) 2.1 million
d) 2.4 million
4) What will be the lowest threshold for Stamp Duty next year?
The Government imposed a temporary holiday on Stamp Duty during 2009, raising the threshold to £175,000. But what will it return to at the end of the year?
a) £125,000
b) £130,000
c) £135,000
d) £140,000
5) How much did gold cost?
The price of gold hit a new record high in 2009. Was it:
a) $1,217 an ounce
b) $1,222 an ounce
c) $1,257 an ounce
d) $1,288 an ounce
6) How much is the National Minimum Wage?
In October, the National Minimum Wage was increased. What figure does it currently stand it for workers over the age of 22?
a) £5.60 an hour
b) £5.70 an hour
c) £5.80 an hour
d) £5.90 an hour
7) How much will the Government pay you to scrap your old banger?
The Government's car scrappage scheme has provided a welcome boost to the automotive industry. But how much money can it provide you with towards a new car?
a) £1,500
b) £2,000
c) £2,500
d) £3,000
8) When was the Base Rate cut?
2009 has seen Bank Base Rate remain at a record low of 0.5% for some time. But when was it actually cut to 0.5%?
a) January
b) February
c) March
d) April
9) How much was Fred the Shred's pension?
Public outrage forced Sir Fred Goodwin, the former head of Royal Bank of Scotland, to give up half of his pension. But how much was his pension worth annually before that?
a) £613,000
b) £643,000
c) £683,000
d) £703,000
10) What's the Inheritance Tax threshold?
19) The threshold at which you pay Inheritance Tax was frozen this year, with a planned rise in the limits next year scrapped. At what point do you pay the tax?
a) Estates worth £300,000
b) Estates worth £325,000
c) Estates worth £350,000
d) Estates worth £375,000
The answers
1) B - The UK's national debt currently stands at £798bn.
2) C - House prices rose by 4.2%.
3) D - There are 2.4 million people unemployed, according to the Office of National Statistics.
4) A - The lowest threshold for Stamp Duty will return to £125,000 at the end of the year
5) A - The price of gold hit a record $1,217 an ounce in 2009
6) C - The National Minimum Wage is now £5.80 an hour
7) B - You get £2,000 if you scrap a car over 10 years old that you've owned for a year
8) C - The Base Rate was cut to 0.5% in March 2009
9) D - Fred the Shred was going to get £703,000 a year!
10) B - Inheritance tax kicks in on estates worth £325,000.
How did you do?
So how did you get on?
If you got 0-3 answers right, then the dunce's hat is all yours! Clearly you need to spend a bit more time on lovemoney.com! Why not register on the site to get tailored content delivered to your own personal homepage?
If you got 4-6 answers right, then clearly, you know a bit - but not enough!
Well done if you got 7-9 answers right - you clearly have been reading the site regularly! And if you got all 10 right, well, maybe you should be working here!
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