UK Treasury wants banks to provide fee-free accounts to benefits claimants
Interactive Video
•
Business, Social Studies, Life Skills
•
University
•
Hard
Wayground Content
FREE Resource
Read more
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it inconvenient for Michael to receive his benefits through the post office?
He has no control over how he accesses his money.
He has to travel long distances.
The post office charges high fees.
He receives his benefits late.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main goal of the new EU law regarding bank accounts?
To restrict access to bank accounts.
To eliminate all banking fees.
To provide basic accounts with fair fees.
To increase bank profits.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the Treasury's stance on the fees for basic accounts?
They should be reduced for all customers.
They should be eliminated for Universal Credit claimants.
They should be high to cover costs.
They should be decided by individual banks.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why are banks concerned about offering basic accounts without fees?
They believe it will lead to financial losses.
They fear losing customers.
They worry about increased competition.
They think it will complicate their operations.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How could offering basic accounts benefit the banking industry?
By reducing operational costs.
By improving their public image.
By attracting more wealthy clients.
By increasing their profits.
Similar Resources on Wayground
Popular Resources on Wayground
20 questions
Brand Labels
Quiz
•
5th - 12th Grade
10 questions
Ice Breaker Trivia: Food from Around the World
Quiz
•
3rd - 12th Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
20 questions
ELA Advisory Review
Quiz
•
7th Grade
15 questions
Subtracting Integers
Quiz
•
7th Grade
22 questions
Adding Integers
Quiz
•
6th Grade
10 questions
Multiplication and Division Unknowns
Quiz
•
3rd Grade
10 questions
Exploring Digital Citizenship Essentials
Interactive video
•
6th - 10th Grade
Discover more resources for Business
11 questions
NFL Football logos
Quiz
•
KG - Professional Dev...
20 questions
Definite and Indefinite Articles in Spanish (Avancemos)
Quiz
•
8th Grade - University
7 questions
Force and Motion
Interactive video
•
4th Grade - University
36 questions
Unit 5 Key Terms
Quiz
•
11th Grade - University
38 questions
Unit 6 Key Terms
Quiz
•
11th Grade - University
20 questions
La Hora
Quiz
•
9th Grade - University
7 questions
Cell Transport
Interactive video
•
11th Grade - University
7 questions
What Is Narrative Writing?
Interactive video
•
4th Grade - University