What is the rule of thumb for the opening cash in a household budget
Also goes in the total
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15
What sort of source of finance should someone choose for a car
Hire purchase/ medium term loan
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baam
Lose 25 points!
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shark
Other team loses 25 points!
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gift
Win 10 points!
Okay!
thief
Give points!
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15
What are 2 ways to reduce expenditure
Shop around, avoid discretionary expenditure
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15
What is insurable interest
You must benefit from its existence and suffer from its loss
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15
Explain the term insurance premium
The price you pay for insurance
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banana
Go to last place!
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gold
Win 50 points!
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fairy
Take points!
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25
thief
Give points!
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15
Explain the term Utmost Good faith
You cannot lie when taking out insurance
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15
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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15
What can a credit union offer to customers?
Saving accounts, personal loans, online banking
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15
What factors influence car insurance premiums?
Driver and car details, safety, Claims, Bonus points
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15
What is impulse buying?
Spur of the moment purchasing
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15
What source of finance should someone choose for a house
