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Oak CitizenshipTest · Citizenship

How is the Government responsible for borrowing?

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

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Oak National Academy

12 questions

  1. Which organisations help the UK manage risks through international cooperation?
  2. Financial oversight, including FCA investigations, ensures __________ follow regulations and protects the economy.
  3. Match the words to the correct definition.
  4. What must the Government work hard to manage in every area of life to keep the economy stable and balanced?
  5. Which does **not** strengthen national risk management?
  6. Risk management strategies strengthen economic resilience, protect jobs and ensure long-term ___.
  7. What does borrowing **not** support during crises?
  8. What protects borrowers from unfair lending and high interest debt traps?
  9. Match the word to the correct definition.
  10. Excessive borrowing can limit future investment and create financial ___.
  11. What can excessive borrowing lead to?
  12. The UK Government borrows when tax __________ is insufficient to fund essential services.

License: OGL