Savings & borrowing

Name two financial institutions where people can save money

a person borrows more than they can afford to repay. What financial problem might they face?

what types of accounts can you have in the bank?

how do you earn interest

Name two types of short-term borrowing

what does APR stand for?

give one example of a medium term loan

what is the name of the loan you take out when buying a house?

name one type of collateral a person might offer for a loan

why is it important to compare interest rates before borrowing

what feature of a savings account allows you to access your money quickly?