Financial Institutions

Which of the following services does a bank not provide?

• Debit Cards

• Loans

• Government Subsidies

• Cheque Writing Services

The Bank of England is responsible for setting interest rates and controlling the national debt.

• True

• False

If a Bank/Building Society goes bust, balances upto _______ are covered?

• £65000

• £75000

• £85000

• £95000

Pension companies work by investing your money for you to try and increase its value for when you retire.

• True

• False

Which of the following is a Government backed organisations offering secure savings options?

• Pawnbrokers

• Building Societies

• National Savings and Investments

• Credit Union

________________ Offer protection against unexpected financial losses or expenses.

• Insurance Companies

• Payday Loan

• Bank Of England

• National Savings and Investments

__________ are businesses or individuals who loan money against the security of a personal asset. (eg, Jewellery / Mobile Phone)

• Payday Loans

• Building Society

• Credit Union

• Pawnbrokers

Which of the following financial institutions cannot be accessed by the general public?

• Credit Unions

• Bank

• Building Societies

• Bank of England

Which of the following institutions operates as a not-for-profit organisation?

• Insurance Company

• Credit Union

• Pawnbrokers

• Payday Loan

Which of the following institutions is not owned by its members.

• Credit Union

• Building Societies

• Pension Companies