Overall finance Quiz

A deficit in a bank account caused by taking out too much money that the account holds is called

• Debt

• Credit

• Loan

• Overdraft

A current account with benefits is called

• Student account

• Packaged account

• Savings account

• Joint account

Which of the following is NOT a good reason to choose a bank account?

• Withdrawal limit

• Interest rate

• Overdraft amount

• Welcome gift of a piggy bank

Which of the following is a mobile bank?

• Starling

• Halifax

• Natwest

• HSBC

Which of the following doe NOT appear on a bank statement

• Transactions

• Birth date

• Interest added

• Account balance

A regular payment when a company will withdraw money from your account is called?

• Direct debit

• Standing order

• Transaction

• Bank transfer

Which of the following is a temporary form of money which must be paid back?

• Inheritance

• Benefits

• Overdraft

• Wages

A calulated amount for people aged 23 yrs and over and reflects the cost of living in the UK is called:

• Minimum wage

• Salary

• Overtime rate

• Living wage

You start paying back your student loans when your salary reaches...

• £15,000

• £20,000

• £25,000

• £35,000

The document containing all your salary and tax info for the year is called a

• P45

• P50

• P60

• P70