Finance 0.0 / 5 ? Business StudiesFinanceGCSEAQA Created by: laurent mccreadyCreated on: 14-12-15 10:54 What is a bank loans? Loan from a bank with interest added on. 1 of 9 What does owners funds mean? Owners fund is money put into a business by its owner/s 2 of 9 What is 'interest'? It is a payment made in orderto borrow money. It means a business pays back more then it borrowed 3 of 9 What is an overdraft An overdraft gives entrepeneurs and businesses the right to borrow variable amounts of money up to an ageed limit. 4 of 9 What is mortagages? They are loans from banks and building societies that are used to buy and and buildings such as offersand shops. 5 of 9 What is hire purchase? Is a method of purchasing asset and paying in instalment. 6 of 9 Is a bank loan a source of finance? yeah 7 of 9 What is an advantage and disadvantage of family loans advantage: No interest most of the time/ disadvantage: 8 of 9 Why do businesses need to raise finance? To 9 of 9
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