LIBF UNIT 2 TOPIC 3

LIBF UNIT 2 TOPIC 3

9th Grade

7 Qs

quiz-placeholder

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LIBF UNIT 2 TOPIC 3

LIBF UNIT 2 TOPIC 3

Assessment

Quiz

Business

9th Grade

Practice Problem

Medium

Created by

Roxana Popa

Used 70+ times

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7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In financial planning a period of between one and five years is known as:

short term planning

medium term planning

long term planning

planning for retirement

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a want?

Food

Shelter

Smartphone

Clothing

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A basic-rate taxpayer receiving savings interest of £1250 would pay total tax of:

Nil

250

50

1000

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Savings bonds tend to offer:

higher interest rates than notice accounts

lower interest rates than instant access accounts

better access than notice accounts

a free holiday abroad

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A 16-year-old is permitted to open:

a cash ISA and a junior ISA

a stocks and shares ISA and a junior ISA

a cash ISA and a stocks and shares ISA

a Lifetime ISA

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A savings account that requires the account holder to give notice if they wish to take money out is known as:

an Instant Access Account.

a Notice Account.

a cash ISA.

a bond.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A savings account that allows the saver to take out money as and when they need it is known as:

a Notice Account

an Instant Access Account

A Sharia Compliant account

a bond.

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