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Worksheets

Financial Institutions

Total questions: 10

Worksheet time: 3mins

Name
Class
Date
1.

Which of the following services does a bank not provide?

a)

Debit Cards

b)

Loans

c)

Government Subsidies

d)

Cheque Writing Services

2.

The Bank of England is responsible for setting interest rates and controlling the national debt.

a)

True

b)

False

3.

If a Bank/Building Society goes bust, balances upto _______ are covered?

a)

£65000

b)

£75000

c)

£85000

d)

£95000

4.

Pension companies work by investing your money for you to try and increase its value for when you retire.

a)

True

b)

False

5.

Which of the following is a Government backed organisations offering secure savings options?

a)

Pawnbrokers

b)

Building Societies

c)

National Savings and Investments

d)

Credit Union

6.

________________ Offer protection against unexpected financial losses or expenses.

a)

Insurance Companies

b)

Payday Loan

c)

Bank Of England

d)

National Savings and Investments

7.

__________ are businesses or individuals who loan money against the security of a personal asset. (eg, Jewellery / Mobile Phone)

a)

Payday Loans

b)

Building Society

c)

Credit Union

d)

Pawnbrokers

8.

Which of the following financial institutions cannot be accessed by the general public?

a)

Credit Unions

b)

Bank

c)

Building Societies

d)

Bank of England

9.

Which of the following institutions operates as a not-for-profit organisation?

a)

Insurance Company

b)

Credit Union

c)

Pawnbrokers

d)

Payday Loan

10.

Which of the following institutions is not owned by its members.

a)

Credit Union

b)

Building Societies

c)

Pension Companies