WorksheetsMoney and Interest Rates and The Payment System (Post-test)
Total questions: 10
Worksheet time: 3mins
1. If the central bank lowers interest rates, what is the MOST likely effect on borrowing?
A. Borrowing decreases because loans are more expensive
B. Borrowing increases because loans are cheaper
C. Borrowing stays the same because interest rates don’t matter
D. Borrowing becomes illegal
2. Inflation rises faster than interest rates. Who benefits the MOST?
A. Borrowers
B. Lenders
C. Banks
D. Investors
3. Why might people save less when interest rates are very low?
A. Because saving gives very little extra money
B. Because borrowing becomes too expensive
C. Because banks force people to spend
D. Because inflation automatically stops
4. If businesses see interest rates rise, what will they MOST likely do?
A. Borrow more to invest
B. Borrow less and delay expansion
C. Hire more workers immediately
D. Stop paying taxes
5. When demand for loans is high but supply is limited, what happens to interest rates?
A. Interest rates fall
B. Interest rates rise
C. Interest rates stay the same
D. Loans become free
6. Why is a cashless society difficult to achieve quickly?
A. Because paper money is cheaper to print
B. Because not everyone has access to digital devices
C. Because cash disappears magically
D. Because checks are faster than digital payments
7. Which is the main benefit of using blockchain in payments?
A. It guarantees profits for banks
B. It makes transactions faster, safer, and harder to change
C. It stops people from using e-money
D. It prints new money automatically
8. Why are checks still used in some transactions?
A. They are faster than e-payments
B. They increase interest rates
C. They provide a clear record of payment
They allow anonymous payments
9. Which action improves the efficiency of the payments system?
A. Switching from paper-based payments to digital transfers
B. Increasing the number of manual steps
C. Stopping collaboration between banks
D. Making payments slower to check accuracy
10. What is a potential problem if a country goes fully cashless too fast?
A. Everyone has more money
B. Interest rates drop to zero
C. Checks become mandatory
D. Financial exclusion for people without digital access
