Personal Finance Unit 1, Topic 8

Description

Quiz to practise this topic
s1500718
Quiz by s1500718, updated more than 1 year ago
s1500718
Created by s1500718 over 8 years ago
36
4

Resource summary

Question 1

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

Question 2

Question
How to calculate currency exchange?
Answer
  • 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

Question 3

Question
Most popular currency?
Answer
  • Euro, Danish kroner
  • Danish kroner, Hong Kong dollars
  • Euro, Pound Sterling

Question 4

Question
Where can you exchange money abroad?
Answer
  • Bank
  • Foreign exchange office and banks
  • Shops

Question 5

Question
What ATM stands for?
Answer
  • Automatic time machines
  • Automated trust machines
  • Automated teller machines

Question 6

Question
What 'currency' is?
Answer
  • 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

Question 7

Question
Euro is a legal tender
Answer
  • True
  • False

Question 8

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