Quiz: External Finance - Loans and Mortgages
AQA GCSE Business 8132
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Building on what you've learned about external finance, let's test your knowledge of loans and mortgages!
What is a loan?
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Which of the following are features of a mortgage? (Select all that apply)
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A {{blank0}} is a type of loan specifically used to purchase {{blank1}}.
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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 £10,000 with an interest rate of 5% per year, how much interest will they owe after one year?
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Which of the following is a benefit of using a loan?
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Which of the following are risks of external finance? (Select all that apply)
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The interest rate on a loan determines the {{blank0}} a business must pay back in addition to the {{blank1}}.
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Match the items on the left with their correct pairs on the right
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