IFS CeFE Quiz D

anything that a person owns that has a monetary value, such as a house, car, stereo, jewellery and so on.

banks, buildings societies and other businesses that offer financial products and services; part of the private sector.

a law that has been passed.

a business that deals in currency exchange.

a tax on the increase in value of an asset, such as land or shares.

(1) an organisation set up to help a particular group or issue; (2) the act of donating money or time to a cause.

a type of market economy in which government makes all of the decisions.

a system of government in which a king or queen is the head of state and an elected body makes the laws.

a tax that a business pays on its profits.

(1) the ability to buy goods and services before you are able to pay for them, by using money borrowed from the bank, ie using more money than you currently have; (2) money put into your current or savings account.