Unit 3 Personal Finance

Money needs to be what?

• Rare

• Have a queens head

• Be green or paper

• Have coins

What is a debit card?

• A greetings card

• A credit facility

• A card to access the bank loan

• A card to access your own money current account

Bankruptcy means?

Explain a store card as a form of credit

Evaluate responses using AI:

OFF

The bank of England does what?

• Adjusts Interest Rates

• Monitors the economy

• Produce coins and paper money at the mint

• All of these.

Credit rating what is this?

Evaluate responses using AI:

OFF

Premium bonds are what?

• Stocks market investment

• Government backed investments with a prize draw.

• An investment in a persons pensions

• A very posh James Bond

Draw what a mortgage is used for buying?

Insurance will increase in price when the **** increases

Debt is bad!

• Agree

• Disagree