BTEC Business Revision Unit 3 - Personal &
Business Finance Updated Questions With
Correct Answers
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Practice questions for this set
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The proportion of an amount that is charged as interest
to the borrower.
Give this one a try later!
1 Means of Exchange Interest Rate
, 3 Electronic Transfer 4 Debit Card
Don't know?
Terms in this set (36)
It allows us to place a
monetary value on goods
Unit of Account
and services.
It allows us to trade.
Means of Exchange
It allows us to use it in the
future as it retains its value.
Store of Value
It is a legally recognized
form of payment.
Legal Tender
The proportion of an
amount that is charged as
Interest Rate
interest to the borrower.
Business Finance Updated Questions With
Correct Answers
Save
Practice questions for this set
Learn 1 /7 Study with Learn
The proportion of an amount that is charged as interest
to the borrower.
Give this one a try later!
1 Means of Exchange Interest Rate
, 3 Electronic Transfer 4 Debit Card
Don't know?
Terms in this set (36)
It allows us to place a
monetary value on goods
Unit of Account
and services.
It allows us to trade.
Means of Exchange
It allows us to use it in the
future as it retains its value.
Store of Value
It is a legally recognized
form of payment.
Legal Tender
The proportion of an
amount that is charged as
Interest Rate
interest to the borrower.
