Which of the following is good source for financial advice?
Citizens Advice.
Your GP.
Social media.
How can you make sure that an online retailer is reputable?
Check them out on forums and consumer watchdog websites.
Give them a call.
Make a purchase and see what happens.
Why must you be careful when you take out a personal loan?
The money may belong to a loan shark.
The money must be repaid and interest rates may be high.
You might use the money to fund a car purchase.
Your bank may request your personal details:
over the phone, or in a text.
in an email.
your bank will never request your personal details.
A current account is:
a savings account.
linked to a credit card.
an everyday banking account.
Individual savings accounts (ISAs) base their returns on:
the performance of the economy as a whole.
how much money you put in.
how big the bank’s profits are.
When getting money advice from advertising it’s a good idea to:
remain sceptical and read the fine print.
believe everything you read.
have a lawyer look at it.
Which of the following is a law that protects you when you are shopping for financial products:
Finance Act 2016
Financial Services Act 2012
Consumer Credit Act 2006
Debit is:
paying with money that is in your current account.
paying with money that you borrow and must pay back.
paying with money that you receive in an inheritance.
Which of the following is a good way to protect yourself from fraud?
Tell your parents your PIN, just in case you forget it.
Share your banks details with experts on an online forum.
Keep track of your cards at all times.