Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

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

(A4) Managing Personal Finance Flashcards

1
Q

What is an overdraft?

A

A short tetm loan

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Advantages of an overdraft

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Disadvantages of an overdraft

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

pl

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Car Finance

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Hire Purchase

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Advantages of hire purchase

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Disadvantages of hire purchase

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

other one

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Advantages of a hire purchase

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Advantages of a hire purchase

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

What is a mortgage?

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Advantages of a mortgage

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Disadvantages of a mortgage

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Advantage of a credit card when borrowing

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Disadvantage of a credit card when borrowing

17
Q

What is a payday loan?

18
Q

Advantage of a payday loan

19
Q

Disadvantage of a payday loan

20
Q

What is a Individual Saving Account (ISA)?

21
Q

Types of ISA

22
Q

What is a cash ISA?

23
Q

Advantage of a cash ISA

24
Q

Disadvantage of a cash ISA

25
Q

What are stocks and shares ISAs?

26
Q

Advantage of stocks and share ISAs

27
Q

Disadvantage of stocks and share ISAs

28
Q

What are deposit accounts?

29
Q

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

30
Q

What are premium bonds?

31
Q

What are bonds and gilts?

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?

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

Brainscape helps you reach your goals faster, through stronger study habits.
© 2025 Bold Learning Solutions. Terms and Conditions