EOT review fun quiz grade 9

_________________ can be described as the act of taking money from a financial institution and paying it back later.

• burrowing

• borrowing

___________ are a type of financial institution that specialises in lending money.

• lendees

• lenders

• Lenny

• london

________________ is when a person keeps money to spend in the future.

• saving

• saver

• sale

• salient

_____________ is the act of buying a financial product or property in order to make money.

• saving

• borrowing

• lending

• investing

Borrowing is taking money from a bank and not repaying the loan.

• true

• false

An _______________________ is capital raised inside a business

• an external source of finance

• an internal source of finance

Which of the following is not an internal source of finance

• Owner’s savings

• Retained profits

• sale of fixed assets

• bank loan

Businesses can also use external sources of finance to raise capital.

• true

• false

Short-term finance is money that is required for more than a year.

• true

• false

Long-term finance is money that is required for longer than a year.

• true

• false