Sources of Finance

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  • Created by: Emily1
  • Created on: 08-10-13 17:07
What best describes finance?
Funds for a business
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What is the most likely source of finance for a small firm?
A bank loan
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Which is an example of short term finance?
Factoring
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What is the most likely source of finance for buying premises?
Mortgage
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What is the most likely source of finance for buying a new IT system?
A bank loan or retained profits if they can afford it
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Which of the following options is a source of internal finance?
Selling off assets
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What is interest the reward for?
Interest is the reward for lending.
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What do lenders ask for as a guarantee that a loan will be repaid?
Collateral
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What is someone who lends money called?
Creditor
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What does an overdraft usually have?
A variable rate of interest.
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Other cards in this set

Card 2

Front

What is the most likely source of finance for a small firm?

Back

A bank loan

Card 3

Front

Which is an example of short term finance?

Back

Preview of the front of card 3

Card 4

Front

What is the most likely source of finance for buying premises?

Back

Preview of the front of card 4

Card 5

Front

What is the most likely source of finance for buying a new IT system?

Back

Preview of the front of card 5
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