Business unit 3

This class was created by Brainscape user Ben Blackwell. Visit their profile to learn more about the creator.

Decks in this class (13)

functions of money
What is unit of account 1,
What is means of exchange 2,
What is store of value 3
4  cards
Different life stages
Childhood financial needs 1,
Childhood implications 2,
Adolescence financial needs 3
10  cards
Why plan expenditure/ why budget
Avoid 1,
Credit 2,
Declare 3
13  cards
Different ways to pay
Cash 1,
Debit card 2,
Credit card 3
14  cards
Different ways to pay advantages and disadvantages
Cash advantages 1,
Cash disadvantages 2,
Debit card advantages 3
28  cards
Accounting formula/calculations
Net cash flow 1,
Closing balance 2,
Total costs 3
21  cards
Statement of financial position
What is on a statement of financi...,
Examples of current assets 2,
Examples of current liabilities 3
7  cards
Types of current accounts
Standard current account 1,
Packaged premium current account 2,
Basic current account 3
4  cards
Current account advantages and disadvantages
Standard current account benefits 1,
Standard current account drawbacks 2,
Packaged premium current account ...
8  cards
Different types of borrowing
Overdraft 1,
Personal loans 2,
Hire purchase 3
6  cards
types of borrowing advantages and disadvantages
Overdraft benefits 1,
Overdraft drawbacks 2,
Personal loans benefits 3
12  cards
Different types of savings and investments
Individual savings accounts isa 1,
Deposit and savings account 2,
Premium bonds 3
6  cards
Savings and Investments advantages and disadvantages
Isa advantage 1,
Isa disadvantages 2,
Deposit and savings accounts adva...
12  cards

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Business unit 3

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