Deca

Question 1

Project deliverables

Answer 1

Outcomes created to full a projects objectives

Question 2

Promissory note

Answer 2

A contract saying you’ll pay a supplier a specific amount of money at a certain time

Question 3

What do ATM cards let you do

Answer 3

Deposit and withdraw money at an ATM

Question 4

Amortisation

Answer 4

RePaying a loan over time in regular payments

Question 5

Barter

Answer 5

Exchange stuff without using money

Question 6

Direct deposit

Answer 6

depositing a paycheck without taking a physical check to a bank

Question 7

Check cashing store

Answer 7

A business that gives people money for their checks for a fee

Question 8

Wealth

Answer 8

Net worth minus debts

Question 9

Pawnshop

Answer 9

A shops that makes loans with personal property as collateral

Question 10

Savings bank

Answer 10

A financial institution that accepts savings deposits and makes mostly mortgages

Question 11

Stop payment order

Answer 11

A request that a financial institution not cash a check

Question 12

Grace period

Answer 12

Time in which balance must be paid off

Question 13

Phishing

Answer 13

Using fake emails and websites to trick users into revealing sensitive data

Question 14

Comprehensive car insurance

Answer 14

Covers your car for reasons other than a collision

Question 15

Actual cash value

Answer 15

Replacement cost minus depreciation

Question 16

Replacement value

Answer 16

Cost to replace

Question 17

US treasury bond

Answer 17

A bond issued by the treasury with a ten year maturity date

Question 18

Equity capital

Answer 18

Money raised by selling equity