2nd test Flashcards
learn
when making a financial plan the two key objectives are
personal and financial
taking out an insurance policy is a way to reduce
financial risk
if inflation is high which of the following is likely to suffer the most
pensioners and those on state benefits
what is likely to be the most cost effective way to get currency to buy things when you are abroad
using credit card that does not charge fee
a common mistake many people make is to think that non essential spending is
more important than spending on essential items
When making an online payment using a debit card, what has to be entered in addition to the card number?
Card security code
Which of the following is the best if you want to save time when shopping around for a specific product?
Price comparison website
In 2012, enforcement action was taken to ensure that charges for paying for airline bookings by credit or debit card are:
Included in the advertised price
What do you call something that a person must have in order to be able to live?
A need
When can a bank impose heavy charges for using an overdraft?
When the customer goes into deficit without authorisation
What do you call arranging new borrowing to repay existing debts?
Consolidating debts
What does it mean if someone is said to be ‘insolvent’?
Unable to meet their debt repayments
