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Finance

Quiz by Steven

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7 questions
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  • Q1
    When times are tough, the government and the Bank of England will take measures to try to stimulate the economy by:
    reducing personal taxes and increasing interest rates
    increasing personal taxes and reducing interest rates
    reducing personal taxes and reducing interest rates
    30s
  • Q2
    What is net income?
    the income we have left after we have paid our regular bills
    the income we receive from our employer
    the income we receive from our employer after tax and other deductions have been taken off
    30s
  • Q3
    A good thing about budgets is that they tend to stay the same for long periods of time.
    True
    False
    30s
  • Q4
    An example of unearned income is:
    commission
    interest on savings
    bonuses
    30s
  • Q5
    Tracking budgets has become easier because banks provide many different ways for customers to access their financial details.
    True
    False
    30s
  • Q6
    An example of essential expenditure is:
    council tax
    rent
    holiday
    30s
  • Q7
    The UK government's budget is set by the:
    Governor of the Bank of England
    Chancellor of the Exchequer
    Prime Minister
    30s

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