Business(Finance for business)
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| What are creditors? | show 🗑
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| What are amounts due? | show 🗑
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| show | Banks may allows households and businesses current account customers to take more money out of thee current account than is in it
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| show | Loans obtained from financial institutions that are used for things such as purchasing furniture and equipment
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| What is hire purchase(HP)? | show 🗑
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| show | Also known as hiring or renting. It is used for by people who require the use of something but not the ownership
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| What is the owners capital? | show 🗑
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| What is a grant? | show 🗑
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| show | Available to a household or business that has made a profit and kept some income
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| What is a long-term loan? | show 🗑
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| What are creditors? | show 🗑
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| show | Another form of creditors that supply services such as electricity and telephone and accept payment at later time
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| What is bank overdraft? | show 🗑
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| show | Loans obtained from financial institutions that are used for things such as purchasing furniture and equipment
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| show | This offers immediate used and the eventual ownership of a good. Used to purchase cars,equipment and furniture
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| show | Also known as hiring or renting. It is used for by people who require the use of something but not the ownership
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| show | Money put up buy the owners of a business. The amount depends on the type of business ownership
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| What is a grant? | show 🗑
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| What are retained earnings(Reserves or savings) | show 🗑
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| show | Obtained from a financial institution for a period longer than five years.Household loads are called mortgages
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Created by:
Chimozukee
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