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Money and business in Spain
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· examples of high order producs
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Where does people save money?
In savings accounts or money boxes
What are the bills?
something you receive that tells you how much money have you spend on services during a month
How do people invest money?
Buying shares or bonds
What does it have a town centre?
Specialist shops
How does it work a debit card?
When you pay with a credit card, the money leaves our bank account immediately
How does it work a credit card?
When you pay with a credit card, the money does't leave our bank account immediately. The bank is lending us money, so we pay this money back later on.
What is money?
Money is an object of value that can be used to buy products or services.
What is invest money?
Invest money is when you buy something with the objective of making more money.
What is a money box?
A money box is a box or container where people save money
What is interest?
Interest is a percentage of the amount of money the bank lend us.
What can we use when we spend money?
cash, debit cards or credit cards
How do people spend money?
People spend money on high order products and low order products, also on services.
What are low order products?
These are products that have a low price.
What are high order products?
These are products that have a high price.
Where do we spend money?
Town centres, shopping centres and internet
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