Upper secondary student
Are you studying in an upper secondary school and about to start your own life in your own home? This quiz is designed for you! Test your knowledge with these questions about financial matters.
Question 1 / 10
What is a debt?
Right!
Everyone is responsible for their own debts. After the due date, a debt starts to accumulate interest for late payment and possibly collection fees. These increase the original sum to be repaid. A loan also has to be paid back. During the loan period, a loan accumulates interest that must also be paid.
Wrong!
Everyone is responsible for their own debts. After the due date, a debt starts to accumulate interest for late payment and possibly collection fees. These increase the original sum to be repaid. A loan also has to be paid back. During the loan period, a loan accumulates interest that must also be paid.
Question 2 / 10
What happens if a debt is not paid regardless of payment reminders?
Right!
The creditor can get a district court judgment for transferring the debt to enforced collection. The creditor can send some debts, such as fines, taxes and health care fees, directly to enforcement, however.
Wrong!
The creditor can get a district court judgment for transferring the debt to enforced collection. The creditor can send some debts, such as fines, taxes and health care fees, directly to enforcement, however.
Question 3 / 10
What things does the enforcement authority do?
Right!
The tasks of the enforcement authorities include collecting monetary receivables and enforcing evictions and preventive measures. The enforcement authorities are neutral and protect the rights of both debtors and creditors. The enforcement authorities are obliged to advise you if you have debts in enforcement and need help with them.
Wrong!
The tasks of the enforcement authorities include collecting monetary receivables and enforcing evictions and preventive measures. The enforcement authorities are neutral and protect the rights of both debtors and creditors. The enforcement authorities are obliged to advise you if you have debts in enforcement and need help with them.
Question 4 / 10
What is a payment default entry?
Right!
A payment default entry results from an unpaid debt and is entered in the credit information register. A payment default entry can make many things more difficult, such as getting a mobile subscription, a student loan or a job. Bills normally have to be unpaid for a long time before you get a payment default entry.
Wrong!
A payment default entry results from an unpaid debt and is entered in the credit information register. A payment default entry can make many things more difficult, such as getting a mobile subscription, a student loan or a job. Bills normally have to be unpaid for a long time before you get a payment default entry.
Question 5 / 10
Can a minor get a payment default entry?
Right!
People under the age of 15 cannot get payment default entries at all. People who are over 15 but under 18 can only get a payment default entry from enforcement. Adults can also get payment default entries outside of enforcement.
Wrong!
People under the age of 15 cannot get payment default entries at all. People who are over 15 but under 18 can only get a payment default entry from enforcement. Adults can also get payment default entries outside of enforcement.
Question 6 / 10
Who or what is a "creditor"?
Right!
There are always two parties to a debt: the one owing money and the one to whom money is owed. The creditor is the one to whom money is owed.
Wrong!
There are always two parties to a debt: the one owing money and the one to whom money is owed. The creditor is the one to whom money is owed.
Question 7 / 10
Who or what is a "debtor"?
Right!
There are always two parties to a debt: the one owing money and the one to whom money is owed. The debtor is the one owing money.
Wrong!
There are always two parties to a debt: the one owing money and the one to whom money is owed. The debtor is the one owing money.
Question 8 / 10
You have bought a phone on instalments and have now lost it. Will you have to keep paying the instalments for the phone?
Right!
The obligation to pay the instalments will continue even if the product is broken or lost. If you neglect to pay the instalments, they can be collected through enforcement.
Wrong!
The obligation to pay the instalments will continue even if the product is broken or lost. If you neglect to pay the instalments, they can be collected through enforcement.
Question 9 / 10
You have gotten a speeding ticket. Can the fine be collected through enforcement?
Right!
Fines can be collected through enforcement like any other debt. Fines are directly enforceable, meaning that a district court judgment is not required for collecting them.
Wrong!
Fines can be collected through enforcement like any other debt. Fines are directly enforceable, meaning that a district court judgment is not required for collecting them.
Question 10 / 10
You missed your moped's traffic insurance payment four years ago. For how long can the debt be collected?
Right!
Every debt has its own limitation period. A moped motor insurance premium is a debt governed by public law, which becomes time-barred in five years. The insurance premium will become finally time-barred when five whole calendar years have passed from its due date.
Wrong!
Every debt has its own limitation period. A moped motor insurance premium is a debt governed by public law, which becomes time-barred in five years. The insurance premium will become finally time-barred when five whole calendar years have passed from its due date.
Result: 0 / 10