Mega Quiz!

What is the main benefit of an ISA?

• Guaranteed high returns on investments.
• Access to government grants for savings.
• No restrictions on withdrawal of funds.
• Tax-free growth on savings and investments.

Which of these is usually included with a premium current account?

• Travel insurance
• Mobile phone insurance
• Home insurance
• Car breakdown cover

Which of these carries the most investment risk?

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• FTSE100 Stocks and Shares

• Savings Account
• Gold and other previous metals.

• Subprime mortgage bonds.

Which two of these are services that are offered by a pawnbroker?

• Buying items, and selling pawned items.

• Loans secured by personal property

• Selling insurance policies
• Renting out items for short-term use

What is the monthly payment called that is paid towards and insurance policy?

• coverage fee
• co-payment
• premium
• deductible

A discussion that takes place between two people negotiating the price of an item is called...

• auctioning
• pleading

• trading
• haggling

What are the four functions of money?

• The four functions of money are: medium of XXLchange, unit of account, store of value, and standard of deferred payment.

• The four functions of money are: credit exchange, onion of account, store of value, and weasel tender.

• The four functions of money are: medium of exchange, unit of account, store of value, and legal tender.

• The four functions of money are: medium of X-men, unit of account, store of value, and Cyclops of deferred payment.

How might religion influence someone's attitude towards borrowing money?

• All religions promote the idea that debt is a sin.
• Religion encourages excessive borrowing without concern for repayment.
• Religion can influence attitudes towards borrowing by promoting values of debt avoidance or responsible borrowing.

• Religion has no impact on financial decisions regarding borrowing.

Which of these life events costs the most money based on current averages?

• Raising a child to the age of 18

• Planning a wedding
• Purchasing a home
• Buying a new car

Which of these is a financial plan which tracks future spending and income?

• Investment portfolio
• Savings account
• Budget
• Expense report