Sources of Finance Quiz

Sources of Finance Quiz

9th Grade

20 Qs

quiz-placeholder

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Sources of Finance Quiz

Sources of Finance Quiz

Assessment

Quiz

Other

9th Grade

Practice Problem

Medium

Created by

Yacine Haas

Used 3+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the options shows a source of owners capital?

Bank loans

Selling non-current assets

Personal savings

Interest-bearing loans

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is retained profit?

Money borrowed from a bank

Selling non-current assets

Money reinvested from business profits

Money obtained from family and friends

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a business sells products it owns, what source of finance is used?

Trade credit

Retained profits

Bank loans

Selling assets

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where do external sources of finance come from?

Owners capital

Personal savings

Selling assets

Bank loans

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an overdraft?

Money borrowed from family and friends

Reinvesting business profits

Using more money than available in a bank account

Selling business assets

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential drawback of using overdrafts?

Expensive due to high interest rates

Only available to low income groups

Reduces the value of a firm's profits

Paid back with dividends

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Under what category of finance does trade credit fit?

Selling assets

Internal sources

External sources

Non-interesting bearing

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