stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
CEFE Unit 1 Topic 7 Flashcards | StudBud
Explore
/
CEFE Unit 1 Topic 7
CEFE Unit 1 Topic 7
38 terms
·
StudBud Administration
·
59 plays
#valleyifs
Flashcards
38 cards
F
Practice quiz
P
Host live
L
Questions
38
Answers
1
The correct spelling.............
Interdependencie
Interdependency
Intedependency
Interdepentdency
2
According to StepChange Charity, people who are working can have problems with debt.
False
True
3
The money with which a business starts or the original amount of debt taken out....
Finance
Inflow
Capital
Net Cash Flow
4
A further probable effect of good personal financial decisions is more responsible spending.
True
False
5
an individual’s ability to manage their money well.
Financial costs
Financial capable
Financial capability
Financial capital
6
The correct spelling.............
Repossesion
Reprossession
Reposession
Repossession
7
What is interdependency?
changes in a area don't affect changes in another
The idea that changes in one area affect changes in another
8
an arrangement by which you obtain money now that youpromise to pay back in the future.
Credit
High credit risk
Default
Debt
9
Sharia law explicitly forbids making money from money, so a Muslim cannot charge interest.
True
False
10
High levels of personal debt can lead to:
less high-risk borrowing
more high-risk borrowing
an economic boom
lower prices
11
Shelter is an example of a:
aim
objective
want
need
12
a person’s previous history of debt repayments.
Credit historian
Creditation history
Credit non history
Credit history
13
Bad debt
debt that can never be borrowed
debt that can never be paid off
debt that can be paid off
capital that can never be paid off
14
Managing your money correctly is known as?
Fiscal Prudency
Financial Management
Money Management
15
the total amount of money that someone owes at a particular pointin time.
Credit
High credit risk
Debt
Default
16
Which of these is
not
an effect of poor financial choices?
more personal debt
less borrowing overall
less saving
more bad debt
17
The correct spelling.............
Guarantor
Guaranter
Guarentor
Guarrantor
18
someone who may not be able to repay a loan.
High credit risk
Debt
Default
Credit
19
Which of these is
not
a need?
water
phone
food
car
20
Money management
making decisions about using your wants
making decisions about using your phone
making issues about using your money.
making decisions about using your money.
21
the situation in which a borrower is unable to repay a debt.
Debt
Credit
Default
High credit risk
22
The correct spelling.............
Credit Terms
Credit Tearms
Credet Terms
Credit Termz
23
What is the name of the office in charge of the budget?
CPI
The Treasury
OBR
ONS
24
The amount of interest charged on bank loans is always:
the same as the amount of interest you get for any savings
less than the amount of interest you get for any savings
more than the amount of interest you get for any savings
25
An example of a financial impact of bad debt on society is:
death of a loved one
an unstable economy
a marriage breakdown
a higher inflation
26
High credit
rises
risk
riskation
risking
27
Which of these are good finanical choices
buying wants before needs
keeping track of personal finance
choosing financial products wisely
staying within a budget
28
The OBR has five main roles
True
False
29
the typical UK family has savings of £315 although 25% of families save nothing at all.
False
True
30
The laws of Islam forbid borrowing money.
True
False
31
FCA
Fiscal Conduct Authority
Financial Conduct Authority
Financial Conduct Arrangement
Financial Conduct Authorisation
32
The cumulative effect describes unintended consequences as a result of:
many people making different decisions
many people making the same decisions
many people making difficult decisions
many people making bad decisions
33
Bad debt means a debt that can be paid off.
True
False
34
Which of these is not one of the main roles of the OBR?
to produce forecasts for the UK economy
checks government's tax and spending figures in the Budget
to report on the short term sustainability of finances
to produce forecasts for the UK economy
35
FCA
Fiscal Conduct Authority
Financial Conduct Arrangement
Financial Conduct Authority
Financial Conduct Authorisation
36
What is a trade off?
swapping something in store
act of giving up something in order to have something else
a local exchange rate
37
the act of giving up something in order to have something else.
Trade-off
Upcycle
Barter
Financial swap
38
Which of these is
not
a good effect of good financial choices?
less saving
increased spending
less borrowing
less bad debt
