Skip to content
Back to quiz
6. The card verification value (CVV) on a credit card is most likely to be required for which of the following transactions?
- paying at a travel agent
- paying in store abroad
- paying for music downloads online
- buying groceries in the supermarket
7. On average, people in the UK are living longer than previously.
- has an on.one account
- has a lower account balance
- is self employed
- 5 years older than jodie
8. which stage of the personal life cycle is someone most likely to be risk averse?
- young adult
- child hood
- old age
- mature adult
9. Samira is receiving a lower rate of interest on her savings account than Jodie. This is most likely to be because Samira
- how often withdrawals can be made
- regular monthly fees
- rate of return
- how the account is operated
10. Which of the following are known as ‘cash’?
- coins
- notes and coins
- notes,coins & bank account level
- notes
11. Which of the following forms of borrowing usually has the lowest interest rate?
- authorised overdraft
- credit card
- personal loan
- store card
12. Most UK banks are owned by:
- the shareholders
- the members
- account holders
- the government
13. Which of the following is not an example of a ‘common bond’ that may be required for members to be part of a credit union?
- have a savings account
- live in the same area
- belong to a specific organisation
- work fir a specific employer
14. Paul is aged 20 and wishes to borrow using an overdraft. Which type of bank account must he have?
- current
- youth
- basic
- savings
15. In the current tax year, Marius will receive £200 gross interest on his savings account. How much will be credited to his account?
16. Kevin is aged 57. At which stage of the typical personal life cycle is he?
- late middle age
- mature adult
- middle age
- old age
17. A local exchange trading scheme (LETS) is a way of accessing goods and services:
- using electronic payments
- by borrowing money from the community
- without the need for money
- at a lower market place
