Personal Finance Unit 1, Topic 8

Descripción

Quiz to practise this topic
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Resumen del Recurso

Pregunta 1

Pregunta
What is 'Exchange Rate'?
Respuesta
  • is the different currencies
  • is the price for buying or selling the different currencies
  • is the price for buying good

Pregunta 2

Pregunta
How to calculate currency exchange?
Respuesta
  • 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

Pregunta 3

Pregunta
Most popular currency?
Respuesta
  • Euro, Danish kroner
  • Danish kroner, Hong Kong dollars
  • Euro, Pound Sterling

Pregunta 4

Pregunta
Where can you exchange money abroad?
Respuesta
  • Bank
  • Foreign exchange office and banks
  • Shops

Pregunta 5

Pregunta
What ATM stands for?
Respuesta
  • Automatic time machines
  • Automated trust machines
  • Automated teller machines

Pregunta 6

Pregunta
What 'currency' is?
Respuesta
  • 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

Pregunta 7

Pregunta
Euro is a legal tender
Respuesta
  • True
  • False

Pregunta 8

Pregunta
The euro is the legal tender currency used in 16 of the 28 countries that make up the European Union
Respuesta
  • True
  • False
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