Year 10 Financial Education (Part 1 - Q 1-19)

Question 1

A term used by the regulator to describe good financial management is financial:

Accepted Answer

Capability

Question 2

The decimalisation of British currency occurred in the:

Accepted Answer

1970s

Question 3

The main source of a full-time teacher's income is most likely to be:

Accepted Answer

Salary

Question 4

Interest Rate Question coming up - Get Ready!!

Accepted Answer

8%

Question 5

The most popular country for British people wanting to emigrate to is?

Accepted Answer

Australia

Question 6

Which of the following groups of people is likely to have the most irregular income pattern?

Accepted Answer

Self-employed

Question 7

A decrease in income tax is likely to have which of the following effects?

Accepted Answer

People are likely to save more

Question 8

Over time the value of money

Accepted Answer

Depreciates

Question 9

Which of the following statements relating to the third sector is correct?

Accepted Answer

It includes charities and social enterprises

Question 10

Weak currencies can mean:

Accepted Answer

More tourists

Question 11

The term for people moving from one town or city in the UK to another is:

Accepted Answer

Internal migration

Question 12

The UK government's inflation target is:

Accepted Answer

2%

Question 13

Which of the following is exempt from Value Added Tax?

Accepted Answer

Postal Stamps

Question 14

Low inflation results in?

Accepted Answer

Lower interest rates

Question 15

The amount of interest paid by a savings account before taking inflation into account is a

Accepted Answer

Nominal debt

Question 16

The system under which employees pay tax is known as Pay As You:

Accepted Answer

Earn

Question 17

Interest that is calculated only on the principal amount is known as

Accepted Answer

Simple

Question 18

Japan's currency is:

Accepted Answer

Yen

Question 19

Poor financial choices can lead to:

Accepted Answer

Overspending

Questions 19