Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Financial Service Pr

QuestionAnswer
Name a financial institution Commerical Banks/An Post/Credit Union
What is a current account? Used for day-to-day banking needs
What is a deposit account? Used to save money
What is a bank statement? Shows all the transactions of an account over a period of time
Lodgement Putting money into an account
Withdrawal Taking money out of an account
What does ATM stand for ? Automated Teller Machine
What does PIN stand for? Personal Identification Number
What is a Direct Debit? Instruction to bank to take variable amounts of an account
What is a standing order? Instruction to a financial institution to pay a fixed amount to a person on a regular date.
What is a cheque A written instruction from an account holder to pay a specific amount of money to a named person or business.
What can be charged on credit cards at the end of the month? Interest
What is the golden rule of credit cards? Do not spend more than you can afford to repay at the end of the month
What is the exchange rate? The price at which a currency can be exchanged for another
When converting euro to foreign currency, what do we do? Multiply by the "sell" bank rate
When converting foreign currency into euro, what do we do? Divide by the "buy" bank rate
Give one example of a short term loan E.g bank overdraft
Give one example of a medium term loan E.g car
Give one example of a long term loan E.g Mortgage
Created by: Msodriscoll94
Popular Business sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards