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Final Examination

Total questions: 20

Worksheet time: 7mins

Name
Class
Date
1.

A person who gives you information about financial products is a __________

a)

financial adviser

b)

financial helper

c)

financial assistant

2.

Some financial advisers only earn money by giving advice. Others earn ________ from selling

financial products.

a)

wages

b)

payments

c)

commission

3.

An actuary is a person who __________ insurance risk and calculates premiums

a)

thinks about

b)

assesses

c)

decides

4.

When an endowment __________, you receive a lump sum.

a)

finishes

b)

ends

c)

matures

5.

Prices go up every year. This is because of __________.

a)

inflation

b)

expansion

c)

evolution

6.

Some pension payments increase every year __________ inflation.

a)

in time with

b)

in line with

c)

at the speed of

7.

Pension payments which increase in line with inflation are __________.

a)

index connected

b)

index linked

c)

index controlled

8.

Many financial analysts predict a __________ caused by too many pensioners and not enough

workers.

a)

pensions crisis

b)

pensions disaster

c)

pensions emergency

9.

A small additional pension is known as a __________.

a)

top-up pension

b)

topper pension

c)

topping pension

10.

Banks and insurance companies are types of __________.

a)

financial institution

b)

finance company

c)

financier

11.

Pension funds are usually administered by a __________ of trustees.

a)

group

b)

bunch

c)

board

12.

Pension funds, insurance companies and other financial institutions that invest on the stock

market are known as __________.

a)

commercial investors

b)

institutional investors

c)

company investors

13.

Individual people who invest on the stock market are known as __________.

a)

private investors

b)

personal investors

c)

one-man investors

14.

In most countries, financial products and services are __________ by the government.

a)

watched

b)

decided

c)

regulated

15.

A person who has not yet completed this process is called an ___________ bankrupt

a)

unfinished

b)

incomplete

c)

undischarged

16.

The technical meaning of insolvency is that a person or company's __________ exceed their assets.

a)

payments

b)

liabilities

c)

expenses

17.

The person responsible for winding up a company which has gone into liquidation is called the

__________.

a)

liquid

b)

liquidator

c)

liquidiser

18.

When all the assets of a company have been used as security for a loan, and the company defaults on

repayments, the lender may force the company to go into ___________.

a)

receivership

b)

reception

c)

reciprocation.

19.

Supermarket chains have a __________ interest in keeping agricultural subsidies high, as they make food

cheaper to buy from farmers.

a)

invested

b)

vested

c)

vestal

20.

Many contracts contain a force majeure __________ to cover this situation.

a)

sentence

b)

phrase

c)

clause