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BTEC Business Studies Unit 3 Learning Aim A Flashcards | StudBud

Explore/BTEC Business Studies Unit 3 Learning Aim A

What Life Stage would you need the least amount of money?

which is a low risk and low reward type of money management?

BTEC Business Studies Unit 3 Learning Aim A

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Questions 8

Answers

1
which is a low risk and low reward type of money management?
investment into shares
saving into a bank account
2
What Life Stage would you need the least amount of money?
Adolescence
Middle Age
Elderly
Childhood
3
What is an advantage of a premium bond?
Potentially high reward
Guaranteed to get money back
No risk
Money is protected by the government
4
What method of payment are you most likely to use to buy an ice cream?
cheque
electronic transfer
cash
debit card
5
A Store card can only be used at a certain store or chain of stores.
false
true
6
what is an advantage of credit cards?
fast form of payment
don't need to secure against an asset
high interest rates
easy to overspend
7
What is a 'credit rating'?
money owed
a score given to people on how likely they are to repay debt
a score given to people on how unlikely they are to repay
the ability to meet day-to-day payments
8
What is an individual savings account (ISA)?
general bank account
savings account where you get taxed
tax-free way to save or invest