Quiz: External Finance - Family and Friends
AQA GCSE Business 8132
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Building on what you've learned about internal finance, let's explore external finance from family and friends!
What is external finance from family and friends?
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Which of the following are advantages of external finance from family and friends? (Select all that apply)
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External finance from family and friends is considered {{blank0}} because it is not obtained from institutions like banks.
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Match the items on the left with their correct pairs on the right
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If a business borrows £5,000 from a relative at 5% interest, what is the total repayment amount?
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Why might a business prefer external finance from family and friends over a bank loan?
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What are potential risks of using external finance from family and friends? (Select all that apply)
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Match the items on the left with their correct pairs on the right
One risk of using external finance from family and friends is {{blank0}}, which can happen if disagreements arise.
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