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Business BTEC Unit 3(Personal and Business Finance) > (A4) Managing Personal Finance > Flashcards

(A4) Managing Personal Finance Flashcards

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1
Q

What is an overdraft?

A

A short tetm loan

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2
Q

Advantages of an overdraft

A
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3
Q

Disadvantages of an overdraft

A
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4
Q

pl

A
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5
Q

Car Finance

A
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6
Q

Hire Purchase

A
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7
Q

Advantages of hire purchase

A
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8
Q

Disadvantages of hire purchase

A
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9
Q

other one

A
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10
Q

Advantages of a hire purchase

A
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11
Q

Advantages of a hire purchase

A
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12
Q

What is a mortgage?

A
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13
Q

Advantages of a mortgage

A
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14
Q

Disadvantages of a mortgage

A
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15
Q

Advantage of a credit card when borrowing

A
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16
Q

Disadvantage of a credit card when borrowing

A
17
Q

What is a payday loan?

A
18
Q

Advantage of a payday loan

A
19
Q

Disadvantage of a payday loan

A
20
Q

What is a Individual Saving Account (ISA)?

A
21
Q

Types of ISA

A
22
Q

What is a cash ISA?

A
23
Q

Advantage of a cash ISA

A
24
Q

Disadvantage of a cash ISA

A
25
Q

What are stocks and shares ISAs?

A
26
Q

Advantage of stocks and share ISAs

A
27
Q

Disadvantage of stocks and share ISAs

A
28
Q

What are deposit accounts?

A
29
Q

What type of interest does a savings account make you pay?

A
30
Q

What are premium bonds?

A
31
Q

What are bonds and gilts?

A
32
Q

What are pensions?

A

Long term savings schemes to help people save for retirement

33
Q

What is insurance?

A

A service that protects and individual or organizations against financial loss

34
Q

insurance?

A

Business BTEC Unit 3(Personal and Business Finance) (16 decks)

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