CeFs - Unit 1 Topic 11 4.5 / 5 based on 3 ratings ? BusinessBusinessASOCR Created by: xxsmCreated on: 16-03-14 16:05 25381910476 Across 1. A record of money borrowed and repaid by an individual. These records are held by credit reference agencies and providers will check this when a prospective customer applies for a borrowing product. (6, 7) 4. A period of at least six months where the amount of goods and services the country is producing is shrinking (9) 6. The things that a person or company owns. Examples of this could include property, jewellery or even financial shares in a company. (6) Down 2. A charity providing free, independent, confidential and impartial advice on citizen's and consumers' rights and responsibilities (8, 6) 3. A card that allows the holder to make transactions face-to-face, online or over the phone and withdraw money from ATMs. Unlike a debit card the transaction is paid for by the provider and is charged interest and payed back in one go/instalments (6, 4) 5. Someone who undertakes to repay an financial obligation if the person who took out the obligation in the first place cannot or does not repay it. An example of this would be agreeing to pay someone's rent or loan on someone else's behalf (9) 7. A person or organisation to which someone owed money (8) 8. A person in debt to an individual or organisation (creditor). (6) 9. A situation where a person cannot repay what they owe because their debts are greater than their assets. (10) 10. An essential public service, such as electricity, gas, water and sewerage. (9)
Comments
No comments have yet been made