Chapter 2- Exaples Of and impact on sources of finance. Flashcards
1
Q
Examples of tax
A
Council Income Product property Import
2
Q
When interest rates rise what is the impact of customers?
A
Makes customers spend less
3
Q
What would be the impact on businesses if interest rates fall ?
A
It can make businesses start to have lots of money and they could decide to expand and grow with the extra money
4
Q
When inflation increase what is the impact on a customer?
A
Money becomes less worth full meaning you need for example 1,000,000 to buy a Freddo
5
Q
When inflation decreases how does it affect a business?
A
Businesses get more business because customers have more money to spend
6
Q
Examples of currency
A
Pound Rupee Dollar Euro Yen Australian dollar
