finance 0.0 / 5 ? Business StudiesBusiness PlansA2/A-levelAQA Created by: [email protected]Created on: 15-11-17 13:24 What applies to pre-paid travel cards? Can be loaded with any currency. 1 of 16 Which payment cannot be made using a contactless card? £50. 2 of 16 To open a new account, an application is required to supply the financial services provider with proof of ID. This is to: Prevent money laundering. 3 of 16 What best describes a packaged current account? Extra benefits for a monthly fee. 4 of 16 NS&I saving products are popular. The money saved is: 100% guaranteed. 5 of 16 A key feature of ISA is that: Interest is always tax free. 6 of 16 What is usually a feature of a saving bond? It is set for a period of time. 7 of 16 Interest on a savings account is indicated by: AER. 8 of 16 An unauthorised overdraft is usually a more expensive form of borrowing than an authorised overdraft: TRUE. 9 of 16 What is usually a feature of a personal loan? It is fixed for a period of time. 10 of 16 What form of borrowing requires the amount to be paid in full every month? Charge card. 11 of 16 Demutualisation is a process of: Building societies becoming banks. 12 of 16 Building societies are mutual organisations which means that they are owned by their: Members. 13 of 16 Banks are known as "proprietary" organisations, this means they are: Owned and run on behalf of shareholders. 14 of 16 Calculate the balance at the end of the month: £480. 15 of 16 What would be an example of mandatory expenditure. Council Tax. 16 of 16
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