CEFS Unit 1 Topic 1-2

CEFS Unit 1 Topic 1-2

8th - 10th Grade

9 Qs

quiz-placeholder

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CEFS Unit 1 Topic 1-2

CEFS Unit 1 Topic 1-2

Assessment

Quiz

Business

8th - 10th Grade

Practice Problem

Hard

Created by

J Bennington

Used 11+ times

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9 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

45 sec • 5 pts

Money is used as a unit of account to (tick all that apply) p11

to record transactions

to compare prices

to save money

to increase wealth

2.

MULTIPLE SELECT QUESTION

45 sec • 5 pts

If inflation is high then purchasing power:

stays the same

increases

decreases

goes up then down then up again

3.

MULTIPLE SELECT QUESTION

45 sec • 5 pts

Which are features of a current account?

has a debit card

overdraft facility

can withdraw cash at an ATM

can have standing orders set up for saving

4.

MULTIPLE SELECT QUESTION

45 sec • 5 pts

At different stages of the lifecycle people have (p18) (tick all that apply):

different levels of income

similar to debt

different family sizes and structure

similar beliefs on savings

5.

MULTIPLE SELECT QUESTION

45 sec • 5 pts

Financial considerations for retirement include (p31)

life expectancy (health)

quality of life (how much money you want as disposable income)

The job you have

How many grandchildren you want

6.

MULTIPLE SELECT QUESTION

45 sec • 5 pts

Migration refers to

The movement of people between countries

The laws for people holidaying abroad

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following is not an advantage of cash (p38)

convenient

divisible into smaller denominations

instant transfer of value

can keep track of what you are spending

8.

MULTIPLE SELECT QUESTION

45 sec • 5 pts

Direct debits are which of the following (p47)

flexible amounts

used for bills that change regularly

used for fixed bills

used to transfer money to saving

9.

MULTIPLE SELECT QUESTION

45 sec • 5 pts

Package bank accounts often feature which of the following (p57):

travel insurance

direct debits

pay a fee to use

council tax