Business Vocabulary Quiz

What does the word 'convenient' mean?

• Expensive to use

• Difficult to use

• Complicated to use

• Easy for you to use

What is the definition of 'credit'?

• Money in the form of coins and special paper

• Money you borrow from a bank to buy a house

• Money you save for a pension

• Extra money that you pay when you borrow money

What is a 'debit card' used for?

• Borrowing money from a bank

• Paying for things in shops with money from your bank account

• Paying with coins and paper money

• Saving money for retirement

What is 'currency' in the context of finance?

• The system or type of money that a country uses

• The value of the money of one country when you change it for the money of another country

• The amount of money you have to spend on something

• A small unit of money or a coin worth 1p or 1 cent

What is the meaning of 'exact'?

• A percentage that a bank charges when you borrow money

• The act of paying for something using the internet

• A little more or less than a number or amount, but not exact

• Completely correct

What is 'interest rate' in finance?

• A small plastic card that you use to buy things and pay for them later

• A percentage that a bank charges when you borrow money

• The value of the money of one country when you change it for the money of another country

• Extra money that you pay when you borrow money

What is 'mortgage' related to?

• The amount of money you pay the bank each month, in order to pay back the money you borrowed to buy a house

• Money you borrow from a bank in order to buy a house

• The act of moving money from one bank to another bank

• Extra money that you pay when you borrow money

What is 'cash flow' in a business context?

• A machine that is used in a shop to keep money in and show how much customers have to pay

• The way that money comes into a business from payments and goes out to pay workers or buy materials

• A system of buying and selling things without using coins or paper money

• The act of paying for something using an app on your mobile phone

What is the main takeaway from a client pitch?

• The need for greater collaboration

• The importance of competitive pricing

• The significance of online payments

• The value of cashless transactions

What does 'context' help with?

• To provide people with something they need

• To understand the situation within which something is happening

• To increase the amount of something

• To continue to be something or to be in the same state