Unit of account Means of exchange, Store of value and Legal tender
1 of 5
Role of money
Personal attitudes Life stage Life events Culture Interest rates External influences
2 of 5
Planning expenditure
Avoid getting into debt Control costs Remain solvent Avoid bankruptcy
3 of 5
Types of payment
Cash Debit card Cheque Credit card Electronic transfer Direct debit Standing order Prepaid cards Contactless Charge cards Store cards Mobile banking BACS and CHAPS
4 of 5
Current accounts
Standard account Package,premium account Student account Basic account
5 of 5
Other cards in this set
Card 2
Front
Role of money
Back
Personal attitudes Life stage Life events Culture Interest rates External influences
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