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Beat The Banks Challenge

When was the Global Financial Crash?

2006

2007

2008

2009

How much does the Financial Services Compensation Scheme cover?

£75000

£85000

£95000

Nothing is covered

Why are US dollars nicknamed 'bucks'?

Because that's the noise they make when dropped

Because they're 'masculine'

Because it sounds cool

Because, deerskins (or buckskins) were historically used as a medium of payment

What is 'fiat money'?

Currency that a government declares as legal tender

Money you spend on a car

Surplus money

Gold-backed money

What best describes 'quantitative easing'

Taking money out of the economy

Printing money

Reducing inflation

Putting up interest rates

Why is gold usually considered a good investment?

Because it looks nice

Because there's lots of it

Because gold is historically proven to increase in value in the long term

Because it's easy to access

If inflation is going up but interest is staying the same, what does this mean?

My savings are gaining money in real terms

My savings are losing money in real terms

My savings are not impacted

My savings are gone

What is Tally's digital currency tied to?

Silver

Platinum

Gold

Stocks and shares

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