CCEA GCSE Economics Money, Banking and Personal Finance quiz quiz
13questions. Pick an answer and you'll see why right away.
Which of these is a function of money?
The problem that barter requires both people to want what the other offers is called:
Which characteristic means money can be split into small units for small purchases?
A commercial bank makes most of its profit from:
Which of these is a role of the central bank?
Insurance companies help households and firms by:
The stock market allows firms to:
A person has income of £2,000 and expenditure of £2,200 in a month. Their budget shows a:
£800 is saved at 5% simple interest per year. The interest earned after 2 years is:
Which is usually the most expensive way to borrow if the balance is not cleared each month?
The main reason to keep an emergency fund is to:
Interest can best be described as:
Before taking out a loan, an informed borrower should mainly check: