Flashcards
Personal Finance Topic 4
Cards in this deck (8)
- 1Current AcountIs the most common type of bank account and it is suitable for everyday needs.
- 2Standing ordersThese are payments that you can set up to be made from your account to
another account on a regular basis - 3Direct debitsThese are instructions given to your bank to allow certain companies
- 4An overdraftAllows you to spend more
than you have in your account - 5Notice accountMust tell the bank or building society before you want to take money out of a notice account
- 6MortagagesSecured on the home that they are used to buy
- 7APRAnnual percentage rate
- 8AERMethod of comparing interest rates on savings
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- This is a flash cards of Personal Finance level 2 Unit 1 topic 4
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- s1500718
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