Money basics
What currency does Japan use
Yen
What’s the name of the UK’s central bank?
Bank of England
What does it mean to “buy a stock”?
You own part of a company
What is a budget?
A plan for managing income and spending
What’s the UK’s currency symbol?
£
What does “ATM” stand for?
Automated Teller Machine
What do banks do with your savings?
Lend it out / invest it
What famous index tracks top 100 UK companies?
FTSE 100
What is a credit score?
A number showing how reliable you are with money
Who is the current Chancellor of the Exchequer?
Rachel Reeves
What gives money its value?
Trust/confidence / government backing
What is an interest rate?
Cost of borrowing money or reward for saving
What’s a dividend?
A company’s profit paid to shareholders
What’s better long-term: saving or investing?
Investing (usually)
What’s a cryptocurrency?
Digital money using blockchain
What does GDP stand for?
Gross Domestic Product
What does “loan default” mean?
When someone doesn’t pay back their loan
What does “bull market” mean?
Market going up
What is compound interest?
Earning interest on your interest
What company makes the iPhone?
Apple (to show finance connects to real business)
True or False: The UK can just print more money to get richer
False — causes inflation
What caused the 2008 financial crisis?
Risky loans & housing bubble collapse
What company became famous for the 2021 stock frenzy?
GameStop
What’s inflation?
General rise in prices over time
What’s “GDP per capita”?
GDP divided by population (avg income per person)