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10 questions
Which of the following services does a bank not provide?
Debit Cards
Loans
Government Subsidies
Cheque Writing Services
The Bank of England is responsible for setting interest rates and controlling the national debt.
True
False
If a Bank/Building Society goes bust, balances upto _______ are covered?
£65000
£75000
£85000
£95000
Pension companies work by investing your money for you to try and increase its value for when you retire.
True
False
Which of the following is a Government backed organisations offering secure savings options?
Pawnbrokers
Building Societies
National Savings and Investments
Credit Union
________________ Offer protection against unexpected financial losses or expenses.
Insurance Companies
Payday Loan
Bank Of England
National Savings and Investments
__________ are businesses or individuals who loan money against the security of a personal asset. (eg, Jewellery / Mobile Phone)
Payday Loans
Building Society
Credit Union
Pawnbrokers
Which of the following financial institutions cannot be accessed by the general public?
Credit Unions
Bank
Building Societies
Bank of England
Which of the following institutions operates as a not-for-profit organisation?
Insurance Company
Credit Union
Pawnbrokers
Payday Loan
Which of the following institutions is not owned by its members.
Credit Union
Building Societies
Pension Companies
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