
Induction Quiz for AAT Level 1
Authored by Muhammad Usman
Financial Education
11th Grade
Used 1+ times

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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a basic financial term that means the money you earn from working or investing?
Expense
Income
Liability
Asset
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
32
42
52
62
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a coin currently in circulation in the UK?
1p
2p
3p
50p
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you have £5 and you spend £2.75, how much do you have left?
£2.15
£2.25
£2.35
£2.45
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following best describes a 'budget'?
A list of your favourite foods
A plan for how to spend and save your money
A type of bank account
A receipt from a shop
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a product costs £12 and there is a 25% discount, what is the new price?
£9.00
£9.50
£10.00
£10.50
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of an 'asset'?
A loan you owe to the bank
Your mobile phone
Your monthly rent payment
A bill for electricity
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