Summary
Summary - Finance
Everything u need to know about cash flow, breakeven, finance. U gonna find it here.
[Show more]
Seller
Follow
Content preview
Unit 3C7085. Extended Certificate
Exam questions for Learning Aim A/B
Understand the importance of
managing personal finance.
YOU HAVE ONE HOUR FOR THIS
FORMATIVE ASSESSMENT
Remember: After completion, read,
name it and hand in
0
, Salsabil BENYAHIA.
1. What is money?
Is a medium of exchange and a unit of accounting, and it is what we use to
buy things and pay of stuff. It can be coins, paper bills or even just numbers
on a computer.
1
2. What forms or roles can money take?  2
Currently.
Digital money.
Commodity money.
3. Define the following terms
Interest rates The cost of borrowing money
monthly or the return on investment.
Debt Money owed to someone with an
obligation to repay it.
Credit rating A source that assesses a person or
entities.
Bankrupt A legal state of being unable to repay
the debt.
Solvent
Current account A bank account that used for daily
transactions like deposit, withdraw.
1
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller slsblbnyhyy. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £9.16. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67474 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now