Which of the following is NOT a function of money?

Btec Unit 3 Personal Finance (1)

Quiz
•
Business
•
12th Grade
•
Medium
Tina Morgan
Used 1K+ times
FREE Resource
30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Interest rate
Means of exchange
Legal tender
Unit of account
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a method of saving or investment?
Premium bonds
Shares
Current account
Gilts
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following would NOT be taken into account by an insurance company when deciding whether or not to accept an application for a life insurance policy?
Age of applicant last birthday
The occupation held by the applicant
Number of children the applicant has
Whether the applicant is a smoker
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following sources of finance would be MOST suitable for a one-off or infrequent purchase, e.g. a TV or laptop?
Bank loan
Leasing
Hire purchase
Mortgage
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A disadvantage of using payday loans as compared to bank loans is:
Payday loans have to be paid back
A payday loan will not be given if you have a poor credit rating
The interest on a payday loan is higher than on a bank loan
A payday loan is only available for 3 months
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do personal attitudes, life stages, culture and external influences affect?
The role of finance
The role of money
The role of a financial advisor
The role of a credit union
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is the MOST important reason for an individual to avoid getting into unmanageable debt?
It might affect their credit rating
They will not be able to socialise
It might lead to arguments with loved ones
It might mean they have to sell assets to pay bills
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