Business Acronyms

Quiz

Do you know the following business acronyms?

1. BACS
2. HSBC
3. HR
4. ERM
5. ATM
6. GDP






7. IMF
8. VAT
9. NASDAQ
10. APR
11. SERPS
12. PPI
13. CHAPS
14. IBAN
15. FTSE
16. RPI
17. POS
18. CPI
19. OPEC
20. FY
21. R&D
22. COB

Answers:

1. BACS... Bankers' Automated Clearing System
2. HSBC... The Hongkong and Shanghai Banking Corporation Limited
3. HR... Human Resources
4. ERM... Exchange Rate Mechanism
5. ATM - Automated Teller Machine
6. GDP... Gross Domestic Product
7. IMF... International Monetary Fund
8. VAT... Value Added Tax
9. NASDAQ... National Association of Securities Dealers Automated Quotations
10. APR... Annual Percentage Rate
11. SERPS... State Earnings-Related Pension Scheme
12. PPI... Payment Protection Insurance
13. CHAPS... Clearing House Automated Payment System
14. IBAN... International Bank Account Number
15. FTSE... The Financial Times Stock Exchange
16. RPI... Retail Price Index





17. POS... Point of sale
18. CPI... Consumer Price Index
19. OPEC... Organization of the Petroleum Exporting Countries
20. FY... Financial Year, or Fiscal Year
21. R&D... Research and Development
22. COB... Close of Business