1
Q
overdraft
A
allows individual to withdraw money from a current account they don’t actually have
2
Q
personal loans
A
allows individual to borrow certain amount of money - is to be paid in regular instalments with interest
3
Q
hire purchase
A
allows individual to have use of item immediately but they pay in instalments - item only owned when last instalment is paid
4
Q
payday loans
A
a short term source of finance - helps bridge the gap between the present moment and receiving a wage
btec business
flashcards
Decks in class (17)
# Cards
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unit 3 key topic 1 key terms28
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unit 3 topic 218
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unit 3 topic 34
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unit 3 topic 413
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unit 3 topic 511
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unit 3 topic 69
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unit 3 topic 75
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unit 3 topic 84
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unit 3 topic 95
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unit 3 topic 103
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unit 3 topic 118
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unit 3 topic 1213
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unit 3 topic 138
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unit 3 topic 1418
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unit 3 topic 158
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unit 3 topic 1612
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unit 30
