Finance and Economics Quiz

What is bank liquidity?

• The interest rate set by the Bank of England

• The amount of cash banks are required to hold in relation to customer deposits

• A product that companies use to borrow money

• The price of one currency in terms of another

What does the Bank rate refer to?

• The amount of cash banks hold

• The interest rate the Bank of England uses when lending to other banks

• A respiratory illness caused by Covid-19

• A gradual increase in the earth's temperature

What is a commodity?

• A product with specific features added by manufacturers

• Goods that share the same characteristics wherever they are produced

• A bond issued by the UK government

• A nation in the process of rapid economic growth

What is the coronavirus known as?

• A type of bond

• A respiratory illness known as Covid-19

• A gradual increase in temperature

• A currency exchange rate

What is a corporate bond?

• A product that companies use to borrow money over periods of five years or more

• A person who owes money

• A nation in the process of rapid economic growth

• A brand that emphasises sustainable production

Who is a debtor?

• A person who owes money

• A person or organisation to which money is owed

• A bond issued by the UK government

• A product that companies use to borrow money

What is an ethical brand?

• A brand that emphasises sustainable, socially responsible production and marketing

• A bond issued by the UK government

• A respiratory illness known as Covid-19

• A nation in the process of rapid economic growth

What is the European Commission?

• The executive body of the European Union responsible for proposing legislation

• A bond issued by the UK government

• A respiratory illness known as Covid-19

• A gradual increase in the earth's temperature

What is the integration of economies, industries, markets, cultures, and policy-making around the world called?

• Offshoring

• Globalisation

• Reshoring

• Protectionism

What term describes a general rise in prices, meaning the purchasing power of money falls?

• Recession

• Inflation

• Deflation

• Stagnation