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Diploma Level English and Maths Quiz

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Welcome to the Monarch Institute Diploma level English and Maths online quiz.

The purpose of this quiz is for you to assess whether you are ready to commence study at a Diploma level.

There are 12 questions in total.

Make sure you read the question thoroughly before you attempt the answer.

Click on 'Next' to attempt the quiz

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1. A large increase in the number of fast-food restaurants in a community is most likely to result in:

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2. If the price of beef doubled and the price of chicken stayed the same (all things being equal), people would most likely buy:

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3. A deceased estate has the combined value of $188,500. If it is to be split between four relatives equally, how much does each receive?

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4. Suppose you have $100 in a savings account earning 2 percent interest a year. You do not add any additional funds or withdraw any funds during the 5 year period. After five years, how much would you have? Assume there are no account keeping fees or charges.

Select one of the below answers:

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5. Imagine that the interest rate on your savings account is 1 percent a year and inflation is 2 percent a year. After one year, would the money in the account buy more than it does today, exactly the same or less than today?

Select one of the below answers:

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6. Tanya is a Financial Adviser. One of her clients takes out a life insurance premium at the cost of $276 per year, of which 2.5% is paid as a commission to Tanya. What amount of money would Tanya receive in commissions if she sells 54 of these policies a year?

Select one of the below answers:

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7. Round 35.6776 to three decimal places

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8. The manufacturers of XYZ winter sportswear have their manufacturing plants running night and day, but they are unable to produce enough sportswear to satisfy demand. If XYZ manufacturers cannot increase production and demand continues to increase, the price of XYZ winter sportswear will:

Select one of the below answers:

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9. Place in order from smallest to largest

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10. Which represents the best buy - in other words which of the following is the best value for money option?

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11. Rohit runs a finance company that charges its clients $50 per hour for consultations plus $65 for any written quotes. How much money will the company make from three clients who each have a two hour consultation, where one client also requests a written quote?

Select one of the below answers:

12. Which of the following is spelled correctly:

i. Debter

ii. Finance

iii. Management

iv. Inshorance

v. Buisness

vi. Guarantee

Select one of the below answers: