Tom has âŽ10 to spend and is unsure between phone credit and a t shirt. He chooses to buy the credit. Which is the financial cost and the opportunity cost?
Financial cost - âŽ10, OC - T shirt
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Okay!
Check
seesaw
Swap points!
Oops!
rocket
Go to first place!
Okay!
gift
Win 5 points!
Okay!
banana
Go to last place!
Oops!
baam
Lose 10 points!
Oops!
gift
Win 25 points!
Okay!
fairy
Take points!
5
10
15
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25
lifesaver
Give 25 points!
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15
What factors influence car insurance premiums?
Driver and car details, safety, Claims, Bonus points
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trap
No points!
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shark
Other team loses 20 points!
Okay!
fairy
Take points!
5
10
15
20
25
baam
Lose 25 points!
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15
Explain the term Utmost Good faith
You cannot lie when taking out insurance
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15
What can a credit union offer to customers?
Saving accounts, personal loans, online banking
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15
What source of finance should someone choose for a house
Mortgage, Long term loan
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15
What are 2 ways to reduce expenditure
Shop around, avoid discretionary expenditure
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baam
Lose 5 points!
Oops!
magnet
Take 20 points!
Okay!
fairy
Take points!
5
10
15
20
25
lifesaver
Give 25 points!
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15
Outline one risk of impulse buying
Fall into debt
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15
How can someone reduce their car insurance premiums?
-
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15
Why is it important to prepare a budget?
Helps control spending, ensure needs are covered, help save
