Examplary
Start for free
Oak CitizenshipTest · Citizenship

How does the Government control debt?

The starter and exit quiz of the lesson “How does the Government control debt?”, from the unit “What has the UK economy got to do with me?” (Year 10 Citizenship) by Oak National Academy.

Copy to my workspaceGet started for free

Free to use. Edit it, share it and hand it out to your students.

Oak National Academy

12 questions

  1. Which is **not** a reason why responsible borrowing is important for individuals and the economy?
  2. Who do government regulations protect from unfair lending and high interest debt traps?
  3. Match the word to the correct definition.
  4. Complete the sentence: The UK Government borrows to support public spending, infrastructure and economic stability during ___.
  5. What does borrowing **not** allow the Government to do?
  6. Complete the sentence: Responsible borrowing and awareness of financial __________ help individuals and the economy stay secure.
  7. How does national debt affect individuals?
  8. Careful management of __________ debt is needed to balance economic stability with public safety and wellbeing.
  9. Match the word to the correct definition.
  10. When ___ lose confidence in the UK Government’s ability to manage national debt, they may demand higher interest rates on government borrowing.
  11. What do governments often focus on regarding national debt?
  12. Which is **not** a way that the Bank of England helps manage debt through monetary policies?

License: OGL