NEW
Font size
WorksheetsPersonal Finance
Total questions: 15
Worksheet time: 8mins
A payslip is
A document from your bank showing money in and payments taken from your bank account over a period of time
A document from your bank showing your wages being paid into your account
A document from your employer detailing pay earned and deductions taken over a period of time
Your own summary of your wages
APR stands for
Annual Percentage Rate
Average Percentage Rate
Annual Percentage Rise
Average Percentage Rise
True or False: When you use a credit card the money comes out of your bank account straight away.
True
False
Gross Pay is
Your final take home pay
Your final pay after deductions have been taken off
An amount you pay to the government
Your basic pay before deductions have been taken off
True or False: Many banks allow 11 year olds and older to have a debit card with their current account.
True
False
Klarna is
Offered by every retailer
A method of payment that allows you to spread the cost over 3 payments
A method of payment that means you must pay imediately
A bill you pay
Interest is
An additional amount added to the cost of borrowing
An amount you pay to the government
An extra amount added to your wages
A bank charge
True or False: A current account is an account you use for saving money for a long period of time
True
False
Which of the following is NOT an advantage of online banking?
It makes it easier to track spending
It means you can access your money 24 hours a day
You must remember your username and password
It means you can access your money from the convenience of your own home
DD stands for
Directed Days
Direct Debit
Direct Day
Direct Danger
A Standing Order is
Different amounts are collected from your bank account each month to pay a bill
When you use your debit card to pay for something in a shop
The same amount is collected from your bank account each month to pay a bill
A charge made by your bank
True or False: A mortgage is a long term loan for purchasing property
True
False
If you were borrowing money from the bank, which of the following interest rates would be the best?
7.9%
2.3%
1.4%
10.6%
If you were selecting a savings account, which of the following interest rates would be the best?
6.3%
2.1%
0.5%
4.9%
True or False: National Insurance is an amount paid to the government from wages to pay for any future employment benefits needed such as sick pay.
True
False
