(A4) Managing Personal Finance Flashcards
1
Q
What is an overdraft?
A
A short tetm loan
2
Q
Advantages of an overdraft
A
3
Q
Disadvantages of an overdraft
A
4
Q
pl
A
5
Q
Car Finance
A
6
Q
Hire Purchase
A
7
Q
Advantages of hire purchase
A
8
Q
Disadvantages of hire purchase
A
9
Q
other one
A
10
Q
Advantages of a hire purchase
A
11
Q
Advantages of a hire purchase
A
12
Q
What is a mortgage?
A
13
Q
Advantages of a mortgage
A
14
Q
Disadvantages of a mortgage
A
15
Q
Advantage of a credit card when borrowing
A
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
What are stocks and shares ISAs?
26
Advantage of stocks and share ISAs
27
Disadvantage of stocks and share ISAs
28
What are deposit accounts?
29
What type of interest does a savings account make you pay?
30
What are premium bonds?
31
What are bonds and gilts?
32
What are pensions?
Long term savings schemes to help people save for retirement
33
What is insurance?
A service that protects and individual or organizations against financial loss
34
insurance?
