20 questions
what one of these is a bank
westnat
WCG
natwest
your mum
what one of these is a way to borrow
debit card
credit card
rahul card
pension
You pay mortgages off over a course of
anyone can have a credit card
true
false
The UK is a country
true
false
what age can you apply for a student credit card
18 or over
o
21
11
What one of these is a saving method
ISA
Pension
Rahul
Overdraft
What is an overdraft
Gives you the ability to borrow a set amount of money
Allows you to withdraw money that you do not have from a current account.
Rahul
This is a short term source of finance used to bridge the gap between now and next receiving a wage.
does rahul save
YEs
NO
What is a pension
Rahul
Freen
Richard
retirement funds, what you receive when you are older if you have a pension plan
What is a risk of saving
Have less money to spend
more money in future
gain interest
low risk
What is a reward of saving
not gain as much as expected
money safer with bank
gain interest
lose money in investments
What is Insurance
rahul
car insurance
protection from financial loss
financial loss
what are the different types of insurance
you can insure your car
true
false
which one of these can be insured
house insurance
life insurance
pet insurance
all of the above
you can insure anything
true
false
If you Deposited £35,000 into an ISA account that had 10% interest per year, what would your total be after 2 years
£42,000
42,350
£42,350
What Loan would be for small purchases but no money saved
wood
debit card
credit card
rahul
What type of loan is used when you buy a house
mortgail
mortygage
m
mortgage