WorksheetsBusiness Studies End of Term Revision Quiz
Total questions: 19
Worksheet time: 10mins
What is an example of a medium of exchange?
money
credit card
cryptocurrency
All of the answers are correct
Amna wants to open a pizza restaurant. What is the benefit of money here?
Buy things we need
Satisfy our wants
start a business
saving for the future
Ali saved his birthday money and Eid money to buy a new mobile phone. What is the function of money here?
Assigning prices
Delaying payment
Medium of exchange
Increasing wealth
Which function of money allows individuals and businesses to buy now and pay later?
Medium of exchange
Increasing wealth
Assigning prices
Delaying payments
Which function of money allows individuals to grow their wealth by saving
or investing their money? ??
Medium of exchange
Increasing wealth
Assigning prices
Delaying payments
Huda is travelling to the UK and wants to buy Great British Pounds. What is the best value?
AED/GBP0.16
AED/GBP0.12
AED/GBP 0.20
AED/GBP 21
What is the currency code for the EURO?
AED
EUR
USD
INR
What is the currency code for the Chinese Yuan?
AED
CNY
SAR
CUP
Meera is going to the USA. She has 6,000 AED to exchange. How many USD will she receive if the exchange rate is 1 USD =2.50
15000 USD
12000 USD
15500 USD
15550 USD
Shein Online shops want to open two (2) shops to expand their business. Recommend an appropriate financial product.
overdraft
bank loan
sukuk
car loan
Which is the best month to buy US dollars?
January
July
November
October
Which of the answers is an internal source of finance? Choose two (2) correct answers.
Bank loan
Retained profits
overdraft
sale of fixed assets
Money that is required for more than a year is know as_________
short term finance
long term finance
medium term finance
Hanan has a flower shop and wants to buy a new car for deliveries. Recommend an appropriate financial product.
car loan
credit card
mortgage
bartering
Which source of finance is a mortgage?
Internal
External
Choose all the sources of finance that are internal
Overdraft
bank loan
owner's savings
Use of working capital
A plan of future income and spending is known as ________
budget
actual budget
credit card
saving
Which of the answers is a benefit of budgeting? Choose three (3) correct answers.
It can help people control their money
It can help to identify opportunities
It helps people to plan for emergencies
It makes you spend more money
Look at the budget for Mouza's Abaya Shop. What is the actual total income?
125,000 AED
120,000AED
122,000AED
115,000AED
