Budgeting is...
LIBF UNIT 2 Topic 1

Quiz
•
Business
•
5th Grade
•
Medium
Roxana Popa
Used 301+ times
FREE Resource
10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
saving for emergencies and other important things.
writing a list of personal and financial goals
managing day-to-day money to pay bills, buy food, save and pay for other essential spending.
saving for an expensive holiday abroad.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A credit card is...
a card that has all your income.
holding all your savings in one place.
the best way to pay for emergencies.
a form of borrowing offered by banks, building societies and some specialist firms, that let's users borrow money by paying by card.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An Emergency Fund is...
when your washing mashine, car or anything breaks and you need to fix it.
savings that can be used to cover emergencies, such as unexpected spending, loss of income or other unexpected financial problems.
an unexpected event such as a the death or illness of a relative.
a credit card for emergencies
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Financial Conduct Autority is...
where you pay your taxes
giving financial advice to people who need it.
is a building society that offers a variety of finacial services to customers, such as borrowing products and saving accounts.
one of the two main regulators of financial services in the UK. It sets rules and standards that providers must meet.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A Mortgage is...
the yearly official meeting of morticians in the UK.
a loan to help people buy houses or flats. They are offered mainly by banks and building societies and can last for up to 30 years
an investment that allows one to increase their net worth.
a savings account for a house or flat. You can start saving in it as soon as you are an 16.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A personal loan is...
offered by banks, building societies and some specialist firms. It is usually paid back over a much shorter term than a mortgage.
a savings account for personal use, where you can save for personal objectives such as going on a holiday.
a bank account
a personal objective.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Net income is...
the amount a person earns after deductions have been taken by the government
the amount a person earns before tax.
a person's salary.
what is left at the end of the month after all the bills have been paid.
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