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Finance

Quiz by Steven

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7 questions
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  • Q1
    The official rate of inflation in the UK is called the:
    Retail Price Index
    Consumer Prices Index
    House Price Index
    30s
  • Q2
    Historically, wages have tended to increase at:
    a rate above inflation
    the same rate as inflation
    a rate below inflation
    30s
  • Q3
    If the Monetary Policy Committee believes that inflation is too high then it will:
    keep interest rates unchanged
    raise interest rates
    lower interest rates
    30s
  • Q4
    One of the reasons why general interest rates change is the need for banks to make a profit.
    true
    false
    30s
  • Q5
    As regards the real 'profit' made on savings and investments, the 'real rate of return' is:
    the rate of inflation minus the interest rate of the savings
    the interest rate of the savings minus the rate of inflation
    the interest rate of the savings
    30s
  • Q6
    If the pound ‘falls’ against the euro, it means the pound will buy more euros than before.
    true
    false
    30s
  • Q7
    Which of the following will benefit from a weak pound?
    British firms buying overseas goods
    UK firms selling goods abroad
    British tourists visiting overseas countries
    30s

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