revision for finance 0.0 / 5 ? Business StudiesFinanceGCSEOCR Created by: itickleurmum2Created on: 13-10-16 14:59 The most popular country for British people wanting to emigrate to is? Australia 1 of 20 Low inflation results in? Lower interest rates 2 of 20 The decimalization of British currency occurred in the? 1970s 3 of 20 The main source of a full-time teacher's income is most likely to be? Salary 4 of 20 Which of the following is exempt from value added tax? Postage stamps 5 of 20 The system under which employees pay tax is known as Pay As You? Earn 6 of 20 A decrease in income tax will have which of the following effects? People will save more 7 of 20 Which of the following statements relating to the third sector is correct? It includes charities and social enterprises 8 of 20 A term used by the regulator to describe good financial management is financial? Capability 9 of 20 Poor financial choices can lead to....? Overspending 10 of 20 Over time, the value of money...? Depreciates 11 of 20 The UK government's inflation target is...? 2% 12 of 20 The amount of interest paid by a savings account before taking inflation into account is known as...? Nominal interest 13 of 20 Interest that is calculated only on the principal amount is known as....? Simple interest 14 of 20 If the real interest rate on a savings account is 5% and inflation is running at 3%, what is the nominal rate of return on the account? 8% 15 of 20 The term for people moving from one town or city in the UK to another is...? Internal migration 16 of 20 The UK's currency is...? Pound sterling 17 of 20 Weak currencies can mean...? More tourists 18 of 20 Which of the following groups of people is likely to have the most irregular income pattern? The self-employed 19 of 20 Which of the following insurance products protects against damage to a family's personal belongings? Contents 20 of 20
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