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WorksheetsGrade 9 - Checkpoint 2 revision - Term 3
Total questions: 23
Worksheet time: 12mins
Money is
external and internal
swapping one product for another
a medium of exchange
Which financial product is offered by the UAE government and is low risk?
gold
National Bonds
certificates of deposit
sukuks
Which investment product can be sold anywhere in the world?
National Bonds
gold
shares
certificates of deposit
Ahmed took a mortgage. Can he buy a car using this money?
Yes, mortgage can be used to buy anything
No, mortgage can be used only to buy land or property
Globalisation is when people, governments and businesses are becoming
more connected
less connected
Latifa found a job in Saudi Arabia. What effect of globalisation is it?
easy to buy products from other countries
easy to travel
easy to find employment
easy to communicate with people from other countries
A plan of future income and spending
balance
cash flow
budget
profit
Aisha is putting away 50 AED every month, because she wants to buy a mobile phone in 6 months.
spending
borrowing
saving
investing
Latifa bought shares and now she will receive dividends every months.
saving
borrowing
investing
spending
Hamda is using an overdraft, her balance is negative when she is using the bank's money.
saving
investing
borrowing
spending
Aisha signed a contract for an expensive machine for 1 year. Aisha will make monthly payments, but at the end of the contract machine will be returned.
hire purchase
debt factoring
leasing
overdraft
Hanadi signed a contract for a new machine for her business for 1 year. She will make monthly payments, but at the end of the contract, Hanadi will own this machine.
hire purchase
debt factoring
leasing
overdraft
Ahmed has used all the money on this business account. He decided to withdraw more money than he has. His balance is negative and he has to repay this money.
debt factoring
leasing
hire purchase
overdraft
Salama wants to buy new coffee machines for her business. She has 50,000 AED of profit remaining in her business after all the costs have been made.
sale of fixed assets
own savings
use of working capital
retained profit
Maha bought a new building for her restaurant. This is an example of ________expenditure.
capital expenditure
revenue expenditure
debt expenditure
overdraft expenditure
Paying wages, DEWA and internet bills is a part of _____costs.
operation
day-to-day
cash flow problems
start-up
Internal means
inside
outside
Buying raw materials and paying suppliers is a part of ____ costs.
operation
day-to-day
start-up
everyday
Long-term finance is used for ____
less than 1 year
more than 1 year
Total inflow is 15,000 AED, total outflow is 10,000 AED.
Cash flow is ____
positive
negative
Alreem has to pay rent and electricity bills. This is an example of cash____.
inflow
outflow
Salem borrow money from a bank. This is an example of cash ____.
inflow
outflow
Are you ready for the exam?
YES!!!
Maybe
No
