WorksheetsMr Frayne Friday Fun IGCSE Revision
Total questions: 40
Worksheet time: 27mins
What does it mean when an economist says a currency is stronger?
It can be exchanged for more of a lesser foreign currency
It can be converted to prices in any currency
There a few things it could buy
It will buy fewer foreign goods
What is a decrease in the value of a currency?
Appreciation
Depreciation
Inflation
Absolute advantage
Good and services bought in by one country from other countries.
Exports
Imports
Inflation
Recession
Goods ans services sold from one country to another countries.
Exports
Imports
Tariff
Quota
If the exchange rate is £1 = $1.25, how much does $1 equal in £ pounds?
£0.80
£0.85
£0.75
£1.25
None of the answers
Imports are a feature of global markets. Which of the following is an example of a UK import?
A lamp made in China is sold to UK customers
A vase made in Spain is sold to customers in Spain
A table made in the UK is sold to customers in Germany
A kettle made in the UK is sold to UK customers
Which two of the following businesses are acting as exporters?
A UK retailer buys goods from overseas suppliers to sell in the UK
A UK supermarket buys milk from UK farmers to sell in its UK stores
A UK based car manufacturer sell cars to the Japanese market
A UK confectionery business buys cocoa from abroad to produce chocolate bars in the UK
A UK mountain bike producer sells its products to the USA
It is a currency is said to go up if the value of the currency
increases with respect to another currency.
Appreciation
Depreciation
Exchange
Deficit
Why do governments impose taxes?
To discourage savings
To fund public services and infrastructure
To increase the wealth of citizens
To reduce the population
A proportion of a company given a monetary value, which can be sold or exchanged.
share
face value
dividend
dividend yield
Shareholders recieve a share of the profits a LTD makes called a
Dividend
Bonus
Commission
Cash Prize
What is the interest rate on a mortgage?
The amount you initially borrow
The percentage charged on top of the amount you owe
The monthly payments towards the principal
The cost of borrowing from the Bank of England
You need a loan for £500 for 2 years. you shop around for the best interest rates, and find suitable loans at 4.5%, 6.7% and 12.9% APR. Which loan rate should you choose?
The loan at 12.9% because it is the best value
The loan at 4.5% because it is the cheapest
The loan at 6.7% because it is in the middle
It doesn't matter because I will pay the same amount overall
What is a fixed-rate mortgage?
A mortgage with an interest-only repayment
A mortgage with a discounted interest rate
A mortgage with an interest rate that stays the same
A mortgage with a fluctuating interest rate
9.35% as a decimal is ???
(a)
Interest is...(choose 2!)
A reward for saving
A fee for saving
A reward for borrowing
A fee for borrowing
Which of the following banks would you choose to start your savings account with?
Barclays - 2%
HSBC - 3.5%
Lloyds - 3%
Natwest - 1.5%
Barclays 2%
HSBC 3.5%
Lloyds 3%
Natwest 1.5%
Which of the following banks would you choose to start a credit card with?
Barclays - 20%
HSBC - 22.5%
Lloyds - 18.5%
Natwest - 19.5%
Barclays 20%
HSBC 22.5%
Lloyds 18.5%
Natwest 19.5%
How much tip should you leave if you want to tip 23% at Applebee's on a $27.31 bill?
$6.28
$33.59
$21.03
$7.50
Write the decimal as a percent: 0.37
37%
3.7%
0.37%
370%
What does cash flow refer to in a business?
Finance provided by the owners of the company
The flow of money in and out of a business
Money left over after all costs have been subtracted from revenue
Resources that are repeatedly used by a business
What are costs?
the money coming into a business when customers buy a product
the money a business spends on business activities
the money business invests
What is the purpose of a cash flow forecast?
To calculate profit or loss
To find out whether a business has enough cash to pay their bills
To find out when customers are going to pay their invoices
To see if the business will break even
Cash Inflows - Cash Outflows =
Net Cash Flow
Opening Balance
Closing Balance
Why is written communication important in the business world?
More efficient than oral communication
Cheaper than oral communication
Provides clear and referenceable records
Not very important, as oral communication is more effective
Which is the correct Microsoft Logo?
Which Dominos Pizza logo is correct?
Which one is correct?
What flag is this?
Republic of Congo
Belgium
Mali
Senegal
Lithuania
What flag is this?
USA
Chile
Liberia
Malaysia
What flag is this?
Monaco
Indonesia
Luxemborg
Poland
Whose flag is this?
Burkina Faso
Mozambique
The Gambia
Eritrea
Who is this flag?
Iraq
Laos
Cambodia
Togo
