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Section 3 - individual

Total questions: 18

Worksheet time: 9mins

Name
Class
Date
1.

system of trade through swapping items

(a)  

2.

notes, coins and debit cards

(a)  

3.

the government's bank, responsible for issuing money, setting interest rates

(a)  

4.

Instant access account

(a)  

5.

High St bank (HSBC etc) offering a range of accounts to individuals and businesses

(a)  

6.

electronic payment card that allows users to make purchases with borrowed money that can be paid at a later date

(a)  

7.

electronic payment card linked to current/checking account that has the funds to make the transaction

(a)  

8.

the money available after paying taxes that you can choose how to use

(a)  

9.

the ability for and item/asset to be exchanged for cash with no loss of value

(a)  

10.

commodity that is universally accepted for as payment for all goods and services

(a)  

11.

the sum of the notes, coins and deposits in banks & financial institution

(a)  

12.

payment based on quantity produced (fruit picking etc)

(a)  

13.

Annual payment total that is paid monthly

(a)  

14.

Working on specific stage/stages of production in the aim of increasing productivity & lowering costs

(a)  

15.

organisation that facilitates the buying and selling of shares in Public & Private Limited Companies

(a)  

16.

organisation of workers that negotiate wages, working conditions & hours. Collective bargaining

(a)  

17.

hourly rate for labour, often calculated weekly

(a)  

18.

collection of assets (houses, land, shares in companies, money saved in bank accounts)

(a)