Saving & Borrowing Money
Quiz
•
Business
•
8th Grade
•
Hard

Johanne Crehan
Used 18+ times
FREE Resource
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30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The type of account you use to save money
Deposit
Credit
Debit
Current
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The reward for saving and the cost of borrowing
Investment
Interest
Capital
Profit
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A bank overdraft is an example of a _________________ loan
long-term
short-term
medium-term
eternal
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The best source of finance for buying a car is
Short Term Source
Medium Term Source
Long Term Source
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The true rate of interest earned on savings is called
APR
AER
ABC
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True or false - with hire purchase you do not own the item you buy until the final instalment is paid
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When you lease(rent) something you will
eventually own the item
never own the item
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