Btec Unit 3 Personal Finance (2)
Authored by Tina Morgan
Business
12th Grade
Used 16+ times
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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a written order to a bank for a specific amount of money to be transferred from one account to another?
CHAPS
Cheque
BACS
Receipt
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following financial institutions is NOT able to be visited on the high street?
Nationwide Building Society
Cash Converters
Bank of England
Royal Bank of Scotland
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following represents a face to face way of communicating with customers?
Telephone banking
Branch banking
Online banking
Mobile banking
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a feature of a premium bond?
Can be bought for as little as £100
Prizes are tax free
They are obtained through National Savings and Investments
Draws are made every week
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following would NOT be used by a lender when calculating repayments on a mortgage?
The value of the property being bought
The interest rate applicable to the loan
The number of years the mortgage will be held for
The level of crime in the postcode where the house is situated
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the FSCS an abbreviation of?
Financial Services Conduct Scheme
Financial Services Compensation Scheme
Financial Standards Compensation Scheme
Financial Standards Conduct Scheme
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an ADVANTAGE of branch banking?
There may be long queues at busier times of the day
It is available 24/7
It requires you to have technology or devices
Additional services such as advice can be offered
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