2nd test +

Question 1

what type of company usually offers collective funds

Answer 1

investment companies

Question 2

it may be helpful to use the concept of ‘critical milestones’ in financial planning when:

Answer 2

setting objectives

Question 3

budgeting allows people to increase their level of saving which in turn will:

Answer 3

improve their financial postion

Question 4

why is it important to allow for some flexibility when setting a budget that involves foreign currency?

Answer 4

the exchange rate might move up or down

Question 5

If a debit card shows the contactless payment symbol, it can be used to make payments of up to what amount?

Answer 5

£30

Question 6

there are two components to finding value for money: selecting the right product and then finding the right

Answer 6

price

Question 7

which of the following is true of consumer debt in the last 20 years?
a fallen slightly
b increased significantly
c reduced considerably
d remained static

Answer 7

increased significantly

Question 8

what type of mortgage would be most appropriate for someone who needs to budget very carefully over the next three years?

Answer 8

fixed-rated

Question 9

Experian, Equifax and callcredit are all organisations that:

Answer 9

collect information about how people manage various financial accounts