Your Personal Finances

Your Personal Finances

9th - 11th Grade

30 Qs

quiz-placeholder

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Your Personal Finances

Your Personal Finances

Assessment

Quiz

Other

9th - 11th Grade

Practice Problem

Medium

Created by

Matthew Evans

Used 28+ times

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many denominations of coins are there in the UK?

6

7

8

9

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When money is stored in a bank or building society, why is there an electronic balance available?

Because paper is too expensive

Printing on paper takes too much time for bank staff.

So customers have a record of deposits they have made.

To save on postage costs.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a feature of money?

It can't be transferred from one account to another online.

It is accepted as payment for certain products only

It is always worth the same amount.

You can withdraw money online.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Molly is aged 15. How many hours is she legally allowed to work, if any?

None.

No more than two hours on a school day.

No more than eight hours per day

She can only work if she is an actor.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What term is used to describe the earnings of a person who is paid a yearly rate?

Interest

PAYE

Salary

Wages

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of money someone can earn before they have to pay tax is known as:

income tax

National Insurance

pay as you earn.

personal allowance

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Tom's elderly aunt has just died and left him some money. This is known as:

a beneficiary

a will

an estate

an inheritance.

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