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Test yourself

Please complete the 10-question test below. At the end, we'll tell you if you're ready to invest like a pro or if this course could change your financial life.

Are you financially savvy, or just winging it?
Fill out the 10-question test below. At the end, we’ll tell you if you’re ready to invest like a pro

1. Which of the following is typically considered a low-risk investment? (only one answer)

a) Stocks

b) Corporate bonds

c) Government bonds

d) Real Estate

2. Why is it important to invest your money rather than keeping it in a savings account long-term?

a)To avoid paying taxes on your income

b) Because investing is always guaranteed to make you rich

c) Because savings accounts are no longer legal for large amounts

d) To grow your wealth over time and protect it from inflation

3. What is a bond ladder?

a) A rating system that ranks bonds from safest to riskiest

b) A strategy of holding bonds with different credit ratings

c) A portfolio of bonds with staggered maturity dates to reduce interest rate risk and provide regular income

d) A technique to buy bonds only when interest rates are rising

4. What is reverse budgeting?

a) Spending first, then saving what’s left

b) Saving and investing first, then spending what remains

c) Using a budget in reverse chronological order

d) Planning your budget from last month’s income

5. What is an ETF (Exchange-Traded Fund)?

a) A private loan fund

b) A type of retirement account

c) A basket of securities traded on the stock exchange

d) A government bond with fixed interest

6. What does TER (Total Expense Ratio) represent in an investment fund?

a) The total return expected from the fund

b) The combined tax and interest income of a fund

c) The annual cost of managing the fund, expressed as a percentage of assets

d) The maximum potential loss of the fund

7. How are financial assets held in a foreign bank account taxed for Hungarian tax residents?

a) They are not taxed if the income is earned outside Hungary

b) They are only taxed if repatriated to Hungary

c) They must be reported, and income (e.g. interest, dividends, capital gains) is subject to Hungarian tax laws

d) They are automatically exempt from all Hungarian taxes under EU agreements

8. How many types of costs can be associated with financial instruments?

a) Only one: the purchase price

b) Two: management fee and tax

c) Several, including management fees, entry/exit fees, transaction costs, and taxes

d) No costs if the investment is held long-term

9. What does the Efficient Frontier in Markowitz’s Modern Portfolio Theory represent?

a) A line showing the highest possible losses for a given investment portfolio

b) The set of portfolios that offer the lowest risk for a given level of return

c) The maximum number of stocks allowed in a diversified portfolio

d) A portfolio that consists only of government bonds and real estate

10. When creating an asset allocation, what are the most important factors to consider?

a) The performance of the previous year’s best-performing assets

b) Personal goals, risk tolerance, and investment time horizon

c) The number of investment options available on your platform

d) Advice from friends and colleagues

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Banking Advisory Kft

1065 Budapest

Bajcsy-Zsilinszky Street 43. 3rd floor. 2.

Tax number 14397002-2-42

info@bankingadvisory.hu

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