BTEC Level 3 Finance MCQ Quiz

BTEC Level 3 Finance MCQ Quiz

1st Grade

22 Qs

quiz-placeholder

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BTEC Level 3 Finance MCQ Quiz

BTEC Level 3 Finance MCQ Quiz

Assessment

Quiz

Business

1st Grade

Hard

Created by

Aniket Gawai

FREE Resource

22 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary function of money?

Means of exchange

A liability

A source of debt

A financial statement

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a type of borrowing?

Mortgage

Overdraft

ISA

Hire purchase

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the FCA (Financial Conduct Authority) regulate?

Business marketing practices

The UK financial services industry

International stock markets

Insurance premium taxes

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A standing order is best described as:

A one-time online transaction

An agreement to pay a fixed amount regularly

A method of paying in cash

A loan repayment scheme

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which financial institution is responsible for issuing banknotes in the UK?

Bank of England

Barclays Bank

HSBC

Nationwide

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which financial product typically offers the highest interest rates for savings?

Current account

Individual Savings Account (ISA)

Personal loan

Overdraft facility

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the Financial Ombudsman Service (FOS) do?

Provides financial loans to small businesses

Resolves disputes between financial services and customers

Issues stock market regulations

Helps customers open new bank accounts

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