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Personal Finance Unit 1, Topic 8

Personal Finance Unit 1, Topic 8

Question 1 of 8

1

What is 'Exchange Rate'?

Select one of the following:

  • is the different currencies

  • is the price for buying or selling the different currencies

  • is the price for buying good

Explanation

Question 2 of 8

1

How to calculate currency exchange?

Select one of the following:

  • Amount of sterling x Exchange rate = Price of buying the currency

  • Amount of sterling + Exchange rate = Price of buying the currency

  • Amount of sterling - Exchange rate = Price of buying the currency

Explanation

Question 3 of 8

1

Most popular currency?

Select one of the following:

  • Euro, Danish kroner

  • Danish kroner, Hong Kong dollars

  • Euro, Pound Sterling

Explanation

Question 4 of 8

1

Where can you exchange money abroad?

Select one of the following:

  • Bank

  • Foreign exchange office and banks

  • Shops

Explanation

Question 5 of 8

1

What ATM stands for?

Select one of the following:

  • Automatic time machines

  • Automated trust machines

  • Automated teller machines

Explanation

Question 6 of 8

1

What 'currency' is?

Select one of the following:

  • is a unit of money used by all of the people within a country to buy and sell goods and services

  • is a unit of notes used by people

  • is bank notes and coins

Explanation

Question 7 of 8

1

Euro is a legal tender

Select one of the following:

  • True

  • False

Explanation

Question 8 of 8

1

The euro is the legal tender currency used in 16 of the 28 countries that make up the European Union

Select one of the following:

  • True

  • False

Explanation

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