Unit 3 King of Quizzes

The Universal Credit will replace both the Child Tax Credit and the Working Tax Credit.

• True

• False

Which of the following customers will be most attractive to a credit card company?

• One who has a history of paying off their balance in full each month
• One who has a history of regularly paying more than the minimum payment each month
• One who has been regularly late in making their payments

The first step in drawing up a new financial plan is to:

• categorise expenses as either mandatory, essential or discretionary
• group a person's requirements into needs, wants and aspirations
• list all the goods and services that someone is likely to spend money on over a given time frame

An example of a paid-for online planning tool is:

• Money Dashboard
• Moneydance
• The MoneyHelper budget planner

A popular length of time for long-term planning is

• 5 years
• 10 years
• 15 years

An example of a paid-for online planning tool is:

• Money Dashboard
• Moneydance
• The MoneyHelper budget planner

Under the terms of the 'triple lock guarantee' if national average earnings stand at 1.8% and the Consumer Prices Index at 3%, by what amount will the basic state pension increase?

• 0.018
• 0.025
• 0.03

The relationship between sterling and interest rates means that:

• if interest rates rise, demand for sterling falls
• if interest rates rise, demand for sterling is unaffected
• if interest rates rise, demand for sterling rises

Which organisation offers educational personal finance information, advice and guidance through its website, publications and training workshops?

• Payplan
• The Money Charity
• StepChange

The term 'ethical operations' refers to how the systems that we have set up, and with which we live and work, can be maintained into the future.

• True
• False