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Quiz: External Finance - Loans and Mortgages
AQA GCSE Business 8132
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Building on what you've learned about internal finance and external finance from family and friends, let's test your knowledge of loans and mortgages!
What is the main purpose of a business loan?
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Which of the following are features of a mortgage? (Select all that apply)
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A mortgage is a type of loan that is used to buy {{blank0}} and is repaid in instalments over a {{blank1}} period.
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Match the items on the left with their correct pairs on the right
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Match the items on the left with their correct pairs on the right
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What happens if a business cannot repay its mortgage?
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Why might a business choose a loan over internal finance? (Select all that apply)
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The {{blank0}} is the amount borrowed, while the {{blank1}} is the extra cost paid back on top of the original loan.
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Match the items on the left with their correct pairs on the right
Which of these is NOT an advantage of using a mortgage?
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