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Financial Institutions

Authored by Patrick Kelly

Business

1st - 3rd Grade

Used 89+ times

Financial Institutions
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10 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following services does a bank not provide?

Debit Cards

Loans

Government Subsidies

Cheque Writing Services

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The Bank of England is responsible for setting interest rates and controlling the national debt.

True

False

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

If a Bank/Building Society goes bust, balances upto _______ are covered?

£65000

£75000

£85000

£95000

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Pension companies work by investing your money for you to try and increase its value for when you retire.

True

False

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is a Government backed organisations offering secure savings options?

Pawnbrokers

Building Societies

National Savings and Investments

Credit Union

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

________________ Offer protection against unexpected financial losses or expenses.

Insurance Companies

Payday Loan

Bank Of England

National Savings and Investments

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

__________ are businesses or individuals who loan money against the security of a personal asset. (eg, Jewellery / Mobile Phone)

Payday Loans

Building Society

Credit Union

Pawnbrokers

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