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Quiz: External Finance - Family and Friends
AQA GCSE Business 8132
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Building on what you've learned about finance, let's test your knowledge of external finance, specifically funding from family and friends!
What is a key advantage of using family and friends as a source of finance?
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Which of the following are disadvantages of using family and friends as a source of finance? (Select all that apply)
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Funding from family and friends is a type of {{blank0}} finance, where the money is borrowed from {{blank1}} individuals rather than financial institutions.
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Match the items on the left with their correct pairs on the right
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Which of the following best describes external finance?
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Which of the following are reasons why a business might choose to use finance from family and friends? (Select all that apply)
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A business might choose finance from family and friends because it avoids high {{blank0}} rates, and repayment terms are often {{blank1}}.
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Match the items on the left with their correct pairs on the right
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What is one risk of using family and friends for finance?
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Which of the following are characteristics of finance from family and friends? (Select all that apply)
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