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Finance Topic 1 Unit 2 Flashcards | StudBud
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Finance Topic 1 Unit 2
Finance Topic 1 Unit 2
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StudBud Administration
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Finance
Flashcards
5 cards
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Practice quiz
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Questions
5
Answers
1
Define 'money management'
How you eat breadsticks.
Making decisions about money.
The way you manage your day-to-day money.
Making choices on financial products.
2
Identify one type of insurance.
Building society insurance
Car insurance
Stamp insurance
Critical disaster insurance
3
Identify a benefit of good financial planning.
Provides a blueprint for families to follow
Avoid unnecessary debt
Make better financial decisions
4
What's the purpose of a current account?
Designed for day-to-day finances
Designed to save
To borrow
To reduce financial risk
5
Identify a feature of a current account
Mortgages
Personal loans
Online facilities
Cheque books
