Interest & Exchange Rates
- Created by: rashed98
- Created on: 02-05-14 20:14
Other questions in this quiz
2. What is meant by a fixed interest rate?
- An interest rate which will not change at whatsoever over the life of a loan
- An interest rate which can flucuate
- A tax paid by tradesmen
- Interest rates will only change if the prime minister says they must
3. What is an interest rate?
- The rate at which foreign goods are bought
- A tariff on foreign imports
- The percentage reward or payment over a period of time that is given to savers on savings or paid by borrowers on loans
- A tax paid by consumers when buying foreign goods
4. A business is most likely to be badly affected by a rise in interest rates if it has:
- High borrowings at a variable rate
- High fixed costs
- High borrowings at fixed a rate
- High cash balances
5. What is an exchange rate?
- A tax you pay when buying goods whilst abroad
- The price of buying foreign currency
- The rate you pay back on a loan
- A tax businesses pay to operate in another country
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