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4057781
Personal Finance Unit 1, Topic 8
Description
Quiz to practise this topic
No tags specified
personal finance
using money abroad
exchange
Quiz by
s1500718
, updated more than 1 year ago
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Created by
s1500718
about 9 years ago
40
4
0
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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