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Finance Revision Mega Quiz!

Authored by Dave Gledhill

Business

11th Grade

Used 5+ times

Finance Revision Mega Quiz!
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50 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

SECTION 1: PERSONAL FINANCE

Which of these is a benefit of an overdraft?

Higher interest rates on loans.
Limited access to credit cards.
Access to additional funds when needed.
Mandatory monthly fees for maintenance.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is a benefit of a personal loan?

Limited repayment flexibility.
High interest rates compared to credit cards.
Quick access to funds for various needs.
Strict eligibility criteria for approval.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why might an overdraft lead to further debt?

Due to fees, interest, and a cycle of borrowing.

Because an overdraft always ruins your credit score.

Because overdrafts have mandatory high fees.

An overdraft is a personal loan.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is a disadvantage of a payday loan?

Borrower has to give collateral that is never returned.

High interest rates leading to potential debt cycle.
Low interest rates compared to traditional loans.
Flexible repayment terms that benefit borrowers.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is NOT one of the four functions of money?

Unit of Account

Exchange for Goods and Services

Store of Value

Leverage of Capital

6.

CATEGORIZE QUESTION

3 mins • 1 pt

Put the topics listed into the correct category.

HINT: There are 5 correct topics per category.

Groups:

(a) Personal Finance

,

(b) Business Finance

,

(c) Films about Music

,

(d) Console Games

Profit & Loss

Variable Costs

Rocket Man

Break Even

EA Sports FC

Starfield

Citizens Advice Bureau

Sing

Bohemian Rhapsody

Cash Flow Forecasting

Current Accounts

Mortgages

Almost Famous

Cash ISA

Need for Speed

Stardew Valley

Two Point Hospital

Pensions

The Jazz Singer

Depreciation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is the correct definition of peer-to-peer lending?

Peer-to-peer lending is a government program for small businesses.
Peer-to-peer lending involves borrowing from a financial institution only.
Peer-to-peer lending is a method of borrowing and lending money directly between individuals without intermediaries.
Peer-to-peer lending is a type of bank loan with high interest rates.

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