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Financial literacy quiz Flashcards | StudBud

Explore/Financial literacy quiz

Lower interest rates mean people will:

When more people are employed by businesses:

Financial literacy quiz

8 terms·StudBud Administration

unit 1 revision

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Questions 8

Answers

1
When more people are employed by businesses:
more National Insurance is collected.
less National Insurance is collected.
more Jobseeker's Allowance is paid.
the national debt goes up.
2
Lower interest rates mean people will:
save more.
spend less.
spend more.
borrow less.
3
When interest rates fall, this is bad news for people with:
credit cards.
overdrafts.
mortgages.
savings.
4
A commuter belt is where people:
work, but they usually live elsewhere.
live, but they usually work elsewhere.
live and usually work.
travel in to the countryside for work.
5
An increase in the personal allowance will mean that a taxpayer should have:
more gross pay.
more net pay.
less net pay.
less gross pay.
6
It is thought that the overdraft was invented in:
Scotland
Ireland
Wales
England.
7
Which of the following does inflation measure?
The rate of increase in prices.
Interest rates.
The cost of borrowing.
Economic growth.
8
A way of becoming a UK citizen is by:
emigration.
immigration.
voting.
naturalisation.