Role Of Money Flashcards
1
Q
What does culture do to the role of money?
A
May shape the role that money plays in your life
2
Q
What do life events do to the role of money?
A
Change depending on certain events on life.
E.g. car breakdown.
3
Q
What do external influences do to the role of money?
A
State of economy and jobs market may make money play a bigger or less valuable part in your life
4
Q
How do interest rates affect the role of money?
A
Low rates makes a good opportunity for borrowing money.
High rates are a good time to increase savings.
5
Q
What do personal attitudes do to the role of money?
A
Make people have their own attitude towards money.
Either risk, reward, borrowing, or saving.
