Savings 1st year 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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| show | Financial institutions owned by their members, established to provide mortgages.
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| show | A cooperative owned by a group of savers and borrowers who have something in common, such as living in the same area.loans are affordable and every member has equal say.
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| show | Not spending some of your income.
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| Investing | show 🗑
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| show | Saving accounts where money can be withdrawn at any time.
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| show | Saving accounts when money can be withdrawn only by giving a minimum amount of notice.
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| show | A tax on the interest on your savings.
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| show | Provided by the post office. People save a lump sum of money for five and a half years tax free. The money is state guranteed and they receive 7% interest
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| show | Provided by the post office.People save a lump sum of money for three years tax free. The money is state guranteed and they receive 2.5% interest
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| Instalment Savings Agreement | show 🗑
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| show | Buying a part ownership of a business.
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| Dividend | show 🗑
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| show | Interest is paid each year only on the amount saved in that year
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| show | Interest is paid each year on the total saved i.e. you earn interest on the interest received last year.
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| show | A long term loan, usually for the purchase of a house.
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| Bank Overdraft | show 🗑
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| show | something of value that the bank can take if you do not pay back your loan.
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| Term Loan | show 🗑
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| show | A third party buys the product for you, and you pay them back, in installments, with interest. You own the good when the last payment is made.
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| Leasing | show 🗑
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| show | A person with a license to lend money. They will typically charge a high rate of interest.
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Created by:
jennymarshall
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