Risks of online financial lending

This lesson explores the risk of online financial lending.

This quiz includes images that don't have any alt text - please contact your teacher who should be able to help you with an audio description.

Quiz:

Intro quiz - Recap from previous lesson

Before we start this lesson, let’s see what you can remember from this topic. Here’s a quick quiz!

Question 1

Question 2

Question 3

Question 4

Question 5

Q1.You are surfing the web when you see an advert. It says that you can earn £10,000 a month and can choose your own hours. The only thing is you have to pay £500 to start. Is this a scam?

1/5

Q2.To work out a budget, you need to add up all your income and then remove what?

2/5

Q3.Which of the following is not a source of income?

3/5

Q4.Which of these is a benefit of saving some of your income regularly?

4/5

Q5.Janine has £300 income per week. Her rent is £150, her bills £50, her food costs £70 and her weekly night out costs £50. Which of these needs to be cut back?

5/5

This quiz includes images that don't have any alt text - please contact your teacher who should be able to help you with an audio description.

Quiz:

Intro quiz - Recap from previous lesson

Before we start this lesson, let’s see what you can remember from this topic. Here’s a quick quiz!

Question 1

Question 2

Question 3

Question 4

Question 5

Q1.You are surfing the web when you see an advert. It says that you can earn £10,000 a month and can choose your own hours. The only thing is you have to pay £500 to start. Is this a scam?

1/5

Q2.To work out a budget, you need to add up all your income and then remove what?

2/5

Q3.Which of the following is not a source of income?

3/5

Q4.Which of these is a benefit of saving some of your income regularly?

4/5

Q5.Janine has £300 income per week. Her rent is £150, her bills £50, her food costs £70 and her weekly night out costs £50. Which of these needs to be cut back?

5/5

Video

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This quiz includes images that don't have any alt text - please contact your teacher who should be able to help you with an audio description.

Quiz:

Risks of online financial lending

Don’t worry if you get a question wrong! Forgetting is an important step in learning. We will recap next lesson.

Question 1

Question 2

Question 3

Question 4

Question 5

Q1.If we need a loan then we have to pay back more than we borrow. A loan of £10,000 over five years would typically cost us how much extra money?

1/5

Q2.Debt is bad and saving is good. If you owe money which of these is the best option?

2/5

Q3.If your essential monthly expenditure is £800, what will your disposable income be if your monthly hours, paid at £10.50 an hour, drop from 120 to 80?

3/5

Q4.Where would be the best place to keep your savings?

4/5

Q5.Why must you be careful when you take out a personal loan?

5/5

This quiz includes images that don't have any alt text - please contact your teacher who should be able to help you with an audio description.

Quiz:

Risks of online financial lending

Don’t worry if you get a question wrong! Forgetting is an important step in learning. We will recap next lesson.

Question 1

Question 2

Question 3

Question 4

Question 5

Q1.If we need a loan then we have to pay back more than we borrow. A loan of £10,000 over five years would typically cost us how much extra money?

1/5

Q2.Debt is bad and saving is good. If you owe money which of these is the best option?

2/5

Q3.If your essential monthly expenditure is £800, what will your disposable income be if your monthly hours, paid at £10.50 an hour, drop from 120 to 80?

3/5

Q4.Where would be the best place to keep your savings?

4/5

Q5.Why must you be careful when you take out a personal loan?

5/5

Lesson summary: Risks of online financial lending

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