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Unit 1 CEFS Topics 1-8

Authored by J Bennington

Business

7th - 11th Grade

Used 6+ times

Unit 1 CEFS Topics 1-8
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10 questions

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1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of these are main providers of financial services? p108

Post Office

Bank

Credit Unions

HMRC

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of these are functions of a retail bank?

Offering stock options

Offering savings products

Offering borrowing products

Offering tax refunds

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of these were key recommendations of the Independent Commission on Banking in 2011

Separate retail and investment banking

Offer more online products

Increase the % interest on savings

Reduce the amount of risk banks take

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What does the Financial Ombudsman Service do? p133

Compensate customers

Handle complaints

Consumer information service

Provide customer refunds

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When choosing to borrow money, we should consider which of the following:

Online banking

How safe our password is

How much mortgage we already have

How long we are going to borrow for

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which part of an overdraft has the highest rate of interest?

Planned overdraft

Unauthorised overdraft

Authorised overdraft

Unpermission overdraft

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

When paying a credit card holder, which of these are of the four parties involved? p92

Merchant

Financial advisor

Cardholder

Parent

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Microsoft

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Apple

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