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CEFE - Unit 2 Topic 1 Flashcards | StudBud

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What do you pay to insurance companies?

Current Accounts...

CEFE - Unit 2 Topic 1

12 terms·StudBud Administration·676 plays

Financial planning and money management

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Questions 12

Answers

1
Current Accounts...
give a credit card to account holders
pay high interest rates to the account holder
are designed for day to day finances
cost money to set up
2
What do you pay to insurance companies?
Fees
Cash
Premium
None of the above
3
Money Management involves...
Saving
Banking
Investing
Budgeting
4
Which of these are unexpected costs?
Car Breakdown
Leaking Pipe
All of the above
Boiler Breakdown
5
Investment companies...
Invest money for people
All of the above
Employ experts to make investmetn decisions
Pool many people's money together for collective investments
6
Banks are owned by...
Shareholders
Members
Government
Customers
7
A credit card is...
Where money is borrowed and must be paid back with interest.
Where money will be borrowed from your savings account
Where money will be taken from your current account
Interest free credit account
8
What are unexpected costs?
Costs that you were aware of.
Costs that you plan for.
Costs that occur out of the blue
Costs that are included in your budget.
9
Which of the following Insurance policies is the odd one out?
Health Insurance
Motor Vehicle Insurance
Home and Contents Insurance
Life Insurance
10
Financial Planning is...
Planning for the long term
All of the above
Making short term budgets
Making plans to be able to afford to buy luxuries
11
Building Societies are owned by...
Shareholders
Members
Investors
Government
12
A mortgage is...
A short term loan over £5,000
A long term loan for property
A medium term loan over £10,000
A medium term loan for a car