OCR GCSE Economics - 2.8 - Role of Money & Financial Markets
Authored by Ally Peake
Other
9th - 11th Grade
Used 104+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of credit cards?
To let you buy goods whether you have the money or not
To only let you buy goods/services if you have the money
To give you discounts on goods/services
To allow you to borrow money from the bank
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The purpose of debit cards is?
To allow you to buy goods with only the money in your account
To allow you to buy goods with the banks money
To let you buy things online
To buy goods and services
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Anything that sets the standard of value of goods and services acceptable to all parties involved in a transaction is called?
The medium of economy
The medium of change
The medium of exchange
Money
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is the central bank in the UK?
Barclays
The Bank of Scotland
The Bank of England
HSBC
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one of the following is responsible for issuing bank notes?
Building societies
Central bank
Commercial bank
Insurance companies
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is responsible for guaranteeing compensation for a specific loss or damage?
Building societies
Central bank
Commercial bank
Insurance companies
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one of the following has members rather than customers?
Building societies
Central bank
Commercial bank
Insurance companies
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