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WorksheetsYear 9 Winter Assessment
Total questions: 25
Worksheet time: 35mins
Debit cards and credit cards are two types of (a) that allow consumers to make purchases or withdraw cash. A debit card is linked to a (b) , and when a purchase is made, the funds are withdrawn directly from the account. A (c) , on the other hand, allows consumers to (d) money up to a certain credit limit, which they can then pay back over time, usually with (e)
Match payment type to the definition
Physical form of currency, such as banknotes and coins.
an order to a bank to pay a stated sum from the drawer's account, written on a specially printe
Allows customers to make payments without card or cash, usualyy from a mobile phone.
A prepaid card is like a pay-as-you-go mobile phone – you top it up with money in advance.
If your Bank Account has the following figure: What does this indicate?
-£45.00 DR
I have £45 in my account
I am £45 overdrawn
I have a Direct Debit set up for £45
I am owed £45 by the bank
Cash is still a very important method of payment. Cash be obtained from Cash Machines which are know as ATM's. What does ATM stand for?
Automated Tax Machine
Automated Telling Machine
Automated Transfer Machine
Automated Talking Machine
Organize these options into the right categories
Mortgage
Holiday to Spain
Council Tax
Buying a Motorbike
Gas and Electric Bill
Buying a new phone
A Money Mule is...
A donkey that carries illegal money willingly
A person who transfers money acquired illegally, such as by theft or fraud.
A person who sends smishing texts to scam money from you
A person that is sometimes known as a pickpocket and steals wallets and cash
Match the Money Security Tips to the Pictures..
What I is an asset or item acquired to generate income, gain appreciation or value over time.
(a)
(a) and getting into (b) can often lead to (c) issues or even see people turn to (d) if they feel they cannot cope. By seeking (e) from organizations such as Stepchange or the Citizens advice bureau can help.
What is an example of TWO FACTOR AUTHENTIFICATION?
Is when you are asked to swipe and input your pin when using your debit card
When you are in a Bank you must show two forms of photo ID
is an identity and access management security method that requires two forms of identification to access resources and data.
Is a form of security where you must have a fingerprint and PIN in order to make a paymment
What is the term given to a fraudulent email that tries to get you to give personal details such as your bank details?
Phishing
Fishing
Bishing
Smishing
Match the correct statement to the correct Pension
All OAPs are entitled to this
An individual pays into this out of own pocket and invest it over time
Both worker and Employer pay into this Pension
If invested well can pay well.
Basic, low income payment
Can have multiple ones depending on where you work
As of 2024, £221 per week
At 55, a person can take out 25% of this tax free
sometimes called an Occupational Pension
One (a) of using a (b) rather than a (c) when buying online is that you are (d) if the website is fake or fraudulent. You will still need to pay the issuer of the credit card when you do use it to buy things or pay a yearly fee when you do not use the (e) .
'Pharming' is
often used on scam emails or social media to take you to a fake website that will steal your information
is the term used when someone scams you in the street by pick pocketing you
Is when you sell your bank account or passport for criminals to use
is the term for people who cannot afford to make their mortgage payments
Gift Cards are a type of pre payment card except that..
Gift Cards can only be used at the company they are purchased for
Gift Cards are limited in how much can be ordered
Prepayment Cards are less flexible
You don't get promotional points on a prepaid card
Before retiring a person needs to ensure they have enough (a) coming in to cover costs such as (b) . While the state (c) may cover basics there is a danger that unless their (d) are sufficient they may need to continue to work (e)
What F is "wrongful or criminal deception intended to result in financial or personal gain
(a)
Cash or Card. Match up the advantages of each
Can use if the scanner is down
No need for change
It keeps your privacy
Its legal tender
Its fast
Less Bulky
More convenient for large amounts
no transaction fees
Widely accepted everywhere
Easy to use for small purchases
Immediate transaction without waiting
Can earn rewards or cashback
Offers better tracking of expenses
Can be used for online purchases
Often comes with fraud protection
Can be replaced if lost or stolen
Good Debt v Bad Debt. Sometimes taking out a Loan in necessary e.g. if it gives us something we need or can invest, other times it is simply a waste of money. Match up the statements to GOOD or BAD debt.
£350 Gambling debt
Morgtgage to buy a House
Loan to pay for a Loan
Loan to buy a car for work
Loan from a pay day lender because you have a poor credit score
Loan to start up new Business
Private (a) are built up over a period of time, so the earlier someone starts the (b) in that pension when they (c) . To rely just on the (d) is difficult unless the retired person has assets, savings or (e) that they can draw on during retirement.
What R is created when an investment has grown and more money is available to the investor if it has been a good investment.
(a)
What is the term given when someone joins a Workplace Pension Scheme?
Auto tuning
Auto Arrangement
Auto Executive
Auto Enrolment
What F is the amount of money a person has in their account?
(a)
