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WorksheetsS2 Finance
Total questions: 25
Worksheet time: 16mins
What is money used for?
To exchange for things you want
To use in board games
To prove you are from a certain country
Do different countries have different currencies?
Yes
No
What sign is this?
Dollar
Yen
Euros
What sign is this?
Baht
Euro
Rupee
Before money was invented, what did people do?
Nothing - they could never have new things
Traded their belongings for something they needed
Borrowed but never owned anything
Which of the following is a want and not a need?
Food
Utilities
Stationery
Toys
How much money is shown in this photo?
£15.50
£25.30
£37.75
£40.25
You buy a football for £8.50 and you pay with a £10 note. How much change should you receive?
£1.20
£1.35
£1.50
£1.65
Shopping around means
Comparing prices of the same item from different stores.
Just buying on the internet.
Buying second hand goods.
Going to a car boot sale.
Prioritising your spending means
Putting things in order of importance to make sure you have your essentials.
Putting things in order of importance to make sure you have your non essentials.
Buying what you like, when you like.
Using loyalty cards
At what age are you given a National Insurance number?
16 yrs
18 yrs
21 yrs
Everyone is allowed to earn some money before they have to pay tax. What is this called?
Basic allowance
Allowed income
Personal Allowance
What do the letters PAYE stand for?
Pay a Yearly Earning
Pay as You Earn
What does the National Insurance Contribution pay for? Select all that apply
State pension
Unemployment benefits
Statutory Maternity pay
Statutory sick pay
NHS
On a payslip, the money you take home after you have paid tax and National Insurance is described as what?
Gross Pay
Net Pay
Your Pay
Whose head features on the back of our coins?
The monarch
Boris Johnson
Alan Turing
Florence Nightingale
Where can you store your money electronically?
Banks
Building societies
Under your mattress
In your wallet
What does ATM stand for?
Automatic Teller Machine
Automatic Telling Machine
Automatic Transfer Machine
Automatic Trust Machine
A plan for spending and saving is
cash flow
savings plan
budget
spending plan
