2. Borrowing 0.0 / 5 ? EconomicsBorrowingcrosswordGCSEAll boards Created by: J.E.SCreated on: 19-10-17 10:01 46103921785 Across 1. The interest rate published on loans to help compare their true costs (6, 10, 4) 5. Borrowing up to an agreed limit on a current account. Overdrafts must be paid back on demand. (9) 7. Instalment plan whereby the loan company owns the item, but it becomes yours when the debt if fully paid off. (4, 8) 8. A loan given for a personal household (e.g. to buy items such as furniture) (8, 4) Down 2. The length of time over which a loan can be repaid (4, 2, 1, 4) 3. A loan to finance the purchase of real estate (e.g. a house). A Mortgage is secured on the house, which remains to be the property of the bank until the loan is paid off. (8) 4. Cards that may be used repeatedly to buy products and services on credit or to borrow money up to a pre arranged amount limit (6, 4) 6. Getting money from a lender that must be repaid in the future (e.g. a mortgage) (9) 9. Amount of money borrowed (4) 10. Cards that may be used to buy products and services on credit from the shop that issued the card, up to a re arranged limit. Repayment terms are similar to credit cards. (5, 4)
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