
Unit 3 - Paper B
Authored by Matthew Pugh
Business
11th Grade
Used 77+ times

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1.
MULTIPLE CHOICE QUESTION
15 mins • 5 pts
When buying two items on a (buy-one-get-one-free) offer, how much of a saving will there be on the usual price per item?
25%.
50%.
75%
100%
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Why must a budget be flexible?
Because:
a person's salary is usually unknown
income tax rates often change on a monthly basis.
someone's utility bills can change dramatically each month
unexpected things may happen.
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Which of the following is one of the financial services regulators in the UK?
Bank of England
British Bankers' Association
Financial Conduct Authority
Financial Services and Markets Authority
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
A car insurance company receives money in the form of which of the following?
Dividends
Fees.
Interest.
Premiums.
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Which of the following policies will pay out an agreed sum of money when the policyholder dies, and provides cover for the policyholder's lifetime?
Critical illness.
Ill health protection
Term assurance
Whole-of-life
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The Financial Services Compensation Scheme does not cover which of the following?
Deposits.
Investments.
Mortgages.
Overdrafts.
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Which of the following is the most likely cause of overspending?
Not having enough:
credit to get a mortgage
expenditure to use as income
income to meet bills.
savings to plan for retirement.
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