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WorksheetsFinance quiz starter
Total questions: 12
Worksheet time: 6mins
What are the two main types of Bank account?
Current and Credit
Savings and Current
Savings and Deposit
Savings and Premier
A standing order is...
An automatic regular payment from your account
Instructions for a company to debit from your account
The maximum amount you can borrow
The same as a direct debit
What type of account would you have your wages paid into?
Deposit
Savings
Credit
Current
What would you expect to see on a Current Account Statement (more than one answer?
Your savings
Standing orders and direct debits
Amounts paid from your account
Amounts paid into your account
How much can you spend with a debit card?
It depends on your credit limit
£50
£200 a day
As much as you have left in your account
How much can you spend with a credit card?
£50
£200 a day
As much as you have left in your account
It depends on your credit limit
You have £100 in a savings account which pays 5.5% interest per year. How much would be in the account in 5 years time if you do not withdraw any money?
£550
£105.5
£130.69
£125.15
What is an overdraft?
A type of loan
An agreed amount you can borrow when your balance runs out
A type of credit card
A type of bank account
Savings accounts offer you...
Higher interest but fewer features than a current account
Exactly the same as current accounts
Cheque books but no debit cards
Lower interest than current accounts
Disposable income is…
Expenditure minus income
Income minus all expenditure
Income minus rent/mortgage
Rent plus bills
A mortgage can be used to buy.
Anything
A car
A house or flat
A boat
What is a Loan?
An amount of money you borrow from a bank and repay
An agreement to spend more money than is currently in your accou
A separate account for you to spend money from
An aAn agreement to spend more money than is currently in your accoumount of money given to you by a bank
