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CCEA GCSE Economics Money, Banking and Personal Finance quiz quiz

13questions. Pick an answer and you'll see why right away.

  1. Which of these is a function of money?

  2. The problem that barter requires both people to want what the other offers is called:

  3. Which characteristic means money can be split into small units for small purchases?

  4. A commercial bank makes most of its profit from:

  5. Which of these is a role of the central bank?

  6. Insurance companies help households and firms by:

  7. The stock market allows firms to:

  8. A person has income of £2,000 and expenditure of £2,200 in a month. Their budget shows a:

  9. £800 is saved at 5% simple interest per year. The interest earned after 2 years is:

  10. Which is usually the most expensive way to borrow if the balance is not cleared each month?

  11. The main reason to keep an emergency fund is to:

  12. Interest can best be described as:

  13. Before taking out a loan, an informed borrower should mainly check: