finance topic one key terms 0.0 / 5 ? Economics & Business Studies,,,,,,,,A2/A-levelAQA Created by: abicrawley12Created on: 17-07-22 20:52 a software that can predict one's income, expenditure, and savings cash flow modelling 1 of 17 a plan to deal with unexpected changes in income/expenditure contingency plan 2 of 17 a mutual organisation that provides a range of financial products to members credit union 3 of 17 where expenditure exceeds income deficit 4 of 17 being able to manage personal finances effectively financial capability 5 of 17 paying the same rate of interest until the end of the term fixed interest 6 of 17 a type of secure consumer credit that involves the borrower repaying over a number of years hire purchase 7 of 17 a general rise in prices, which means the purchasing power of money falls inflation 8 of 17 investments in items rather than financial products non financial investments 9 of 17 the debt owed by individual consumers personal debt 10 of 17 income that exceeds mandatory and essential expenditure surplus 11 of 17 achieving and maintaining a balance between personal income and expenditure to satisfy needs, wants and aspirations within a budget sustainable personal finance 12 of 17 a savings product held for a fixed period savings bond 13 of 17 a period of at least six months in which the amount of goods and services the country is producing is shrinking recession 14 of 17 where an infectious disease spreads rapidly to many people across a large region pandemic 15 of 17 an insurance policy intended to cover mortgage payments in the event of illnesses or unemployment mortgage payment protection insurance 16 of 17 a situation in which a person cannot repay what they owe because their debts are greater than their assets insolvency 17 of 17
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