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15
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What is a mortgage?
A loan used to buy property such as a house.
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15
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What is interest?
The cost of borrowing money.
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15
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What is a financial institution?
An organisation that provides financial services.
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15
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What is foreign currency exchange?
Changing one currency into another
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15
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To change euro into another currency, do you multiply or divide?
Multiply.
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baam
Lose 25 points!
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star
Double points!
Okay!
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shark
Other team loses 20 points!
Okay!
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thief
Give points!
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25
15
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Is a credit union for profit?
No, it is not-for-profit.
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15
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What financial service allows customers to check balances and pay bills online?
Online banking.
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What is a direct debit?
A variable payment taken from an account to pay a bill.
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15
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Name one commercial bank in Ireland.
AIB / Bank of Ireland / Permanent TSB / Ulster Bank (any one)
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15
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Is a standing order a fixed or variable payment?
Fixed payment.
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trap
No points!
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fairy
Take points!
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25
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shark
Other team loses 25 points!
Okay!
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lifesaver
Give 25 points!
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15
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What does a building society mainly provide?
Mortgages and savings services.
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15
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Give one role of the Central Bank.
Protect consumers / regulate financial institutions / promote stability (any one).
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seesaw
Swap points!
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rocket
Go to first place!
Okay!
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shark
Other team loses 20 points!
Okay!
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thief
Give points!
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25
15
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Name one way financial services are changing in the future.
Digital banks, mobile payments, cryptocurrency, new technology (any one).
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