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Grade 9 - Checkpoint 2 revision - Term 3

Total questions: 23

Worksheet time: 12mins

Name
Class
Date
1.

Money is

a)

external and internal

b)

swapping one product for another

c)

a medium of exchange

2.

Which financial product is offered by the UAE government and is low risk?

a)

gold

b)

National Bonds

c)

certificates of deposit

d)

sukuks

3.

Which investment product can be sold anywhere in the world?

a)

National Bonds

b)

gold

c)

shares

d)

certificates of deposit

4.

Ahmed took a mortgage. Can he buy a car using this money?

a)

Yes, mortgage can be used to buy anything

b)

No, mortgage can be used only to buy land or property

5.

Globalisation is when people, governments and businesses are becoming

a)

more connected

b)

less connected

6.

Latifa found a job in Saudi Arabia. What effect of globalisation is it?

a)

easy to buy products from other countries

b)

easy to travel

c)

easy to find employment

d)

easy to communicate with people from other countries

7.

A plan of future income and spending

a)

balance

b)

cash flow

c)

budget

d)

profit

8.

Aisha is putting away 50 AED every month, because she wants to buy a mobile phone in 6 months.

a)

spending

b)

borrowing

c)

saving

d)

investing

9.

Latifa bought shares and now she will receive dividends every months.

a)

saving

b)

borrowing

c)

investing

d)

spending

10.

Hamda is using an overdraft, her balance is negative when she is using the bank's money.

a)

saving

b)

investing

c)

borrowing

d)

spending

11.

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.

a)

hire purchase

b)

debt factoring

c)

leasing

d)

overdraft

12.

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.

a)

hire purchase

b)

debt factoring

c)

leasing

d)

overdraft

13.

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.

a)

debt factoring

b)

leasing

c)

hire purchase

d)

overdraft

14.

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.

a)

sale of fixed assets

b)

own savings

c)

use of working capital

d)

retained profit

15.

Maha bought a new building for her restaurant. This is an example of ________expenditure.

a)

capital expenditure

b)

revenue expenditure

c)

debt expenditure

d)

overdraft expenditure

16.

Paying wages, DEWA and internet bills is a part of _____costs.

a)

operation

b)

day-to-day

c)

cash flow problems

d)

start-up

17.

Internal means

a)

inside

b)

outside

18.

Buying raw materials and paying suppliers is a part of ____ costs.

a)

operation

b)

day-to-day

c)

start-up

d)

everyday

19.

Long-term finance is used for ____

a)

less than 1 year

b)

more than 1 year

20.

Total inflow is 15,000 AED, total outflow is 10,000 AED.

Cash flow is ____

a)

positive

b)

negative

21.

Alreem has to pay rent and electricity bills. This is an example of cash____.

a)

inflow

b)

outflow

22.

Salem borrow money from a bank. This is an example of cash ____.

a)

inflow

b)

outflow

23.

Are you ready for the exam?

a)

YES!!!

b)

Maybe

c)

No