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Score
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15
×
We pay tax on certain products that are imported. True of False?
True
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15
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If a UK business sells products abroad this is classed as...
Export
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15
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One of the reasons why general interest rates change is the need for banks to make a profit. True or False?
True
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15
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If a UK business buys products from another country this is classed as...
Import
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×
heart
Other team wins 25 points!
Oops!
×
magnet
Take 15 points!
Okay!
×
rocket
Go to first place!
Okay!
×
banana
Go to last place!
Oops!
15
×
If the Monetary Policy Committee believes that inflation is too high then it will do what?
Raise interest rates
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15
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The official rate of inflation in the UK is called the:
CPI Consumer price index
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15
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The interest rate for the UK is set by who?
The Bank of England
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What does CPI stand for?
Consumer Price Index
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15
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If my savings account is giving 5% interest but inflation is at 9%, what am I actually earning on my savings?
4% (9%-5%=4%)
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15
×
If the pound âfallsâ against the euro, it means the pound will buy more euros than before. True or False?
False
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seesaw
Swap points!
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fairy
Take points!
5
10
15
20
25
×
gift
Win 25 points!
Okay!
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lifesaver
Give 25 points!
Oops!
15
×
What does S.P.I.C.E.D stand for?
Strong Pound, Imports Cheaper, Exports Dearer
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banana
Go to last place!
Oops!
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rocket
Go to first place!
Okay!
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fairy
Take points!
5
10
15
20
25
×
baam
Lose 20 points!
Oops!
15
×
What can cause the ÂĢ(GBP) to fall in value?
Brexit, Recessions, inflation
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15
×
What does MPC stand for?
Monetary Policy Committee
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×
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