Unit 1 CEFS Topics 1-8
Authored by J Bennington
Business
7th - 11th Grade
Used 6+ times
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10 questions
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1.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of these are main providers of financial services? p108
Post Office
Bank
Credit Unions
HMRC
2.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of these are functions of a retail bank?
Offering stock options
Offering savings products
Offering borrowing products
Offering tax refunds
3.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of these were key recommendations of the Independent Commission on Banking in 2011
Separate retail and investment banking
Offer more online products
Increase the % interest on savings
Reduce the amount of risk banks take
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What does the Financial Ombudsman Service do? p133
Compensate customers
Handle complaints
Consumer information service
Provide customer refunds
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When choosing to borrow money, we should consider which of the following:
Online banking
How safe our password is
How much mortgage we already have
How long we are going to borrow for
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which part of an overdraft has the highest rate of interest?
Planned overdraft
Unauthorised overdraft
Authorised overdraft
Unpermission overdraft
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
When paying a credit card holder, which of these are of the four parties involved? p92
Merchant
Financial advisor
Cardholder
Parent
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