Susan has a standing order for \( £85\) coming out of her account on the 1st of every month. How much money will she have paid after one year?
\[£850\]
\[£1020\]
\[£1200\]
The Wallace family purchased a new 80” TV for \(£1380\) and are paying it off over 1 year. What will be their monthly payment be?
\[£115\]
\[£138\]
\[£95\]
Nicholas buys a new moped costing \( £527\) plus \( £105.40\) VAT. How much does Nicholas pay for the moped?
\[£421.60\]
\[£627.40\]
\[£632.40\]
Muhammad is having his living room decorated.
Below is the list of what he has to pay.
Wallpaper - \( £85.40\)
Paint - \( £30\)
Labour - \( £95\)
VAT - \( £47.70\)
How much does he have to pay in total?
\[£268.10\]
\[£278.10\]
\[£258.10\]
Which of these will send a fixed amount of money to another account?
APR
Standing order
Direct debit
Which of these will allow a flexible amount of money to be transferred to another account.
Credit card
From the list below select which ones you can arrange to use to make a payment from a current account.
a) Debit card
b) Credit card
c) Standing order
a and c
b and c
a and b
Why does a saving account usually have a higher rate of interest than a current account?
It is an incentive to save.
It is method of payment.
The law says it has to.
How often are credit card bills issued?
Every 3 months
Every year
Every month
Why do some banks limit the amount of money you can withdraw for a savings account?
So the bank can hold your money for a longer period
To stop you spending it all at once
To help you pay your bills