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 the main purpose of a loan for a business?
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Which of the following are true about mortgages? (Select all that apply)
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A {{blank0}} is a loan specifically for purchasing property and is usually repaid over a {{blank1}} term.
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Match the items on the left with their correct pairs on the right
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A business takes a loan of £10,000 with an interest rate of 5%. What is the total amount to repay?
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What is one disadvantage of taking a loan for a business?
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Which of the following are examples of external finance? (Select all that apply)
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Loans need to be repaid with {{blank0}} over a fixed or variable {{blank1}}.
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Match the items on the left with their correct pairs on the right
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