Unit 3: Personal and Business Finance

?
  • Created by: chandy003
  • Created on: 19-11-19 16:32
Placing a value on goods and services (Functions of Money)
Unit of Account
1 of 10
Money is used to buy, sell and trade (Functions of Money)
Means of Exchange
2 of 10
Money has a value which can be maintained in the bank for future use (Functions of Money)
Store of Value
3 of 10
Official national currency of a country (Functions of Money)
Legal Tender
4 of 10
Your view of risk and reward (Role of Money)
Personal Attitudes
5 of 10
Financial needs and priorities change (Role of Money)
Life Stages
6 of 10
Beliefs shape view of money (Role of Money)
Culture
7 of 10
Affect your importance of money eg moving home (Role of Money)
Life Events
8 of 10
Events outside your control (Role of Money)
External Influences
9 of 10
Affects choice to borrow or save (Role of Money)
Interest Rates
10 of 10

Other cards in this set

Card 2

Front

Money is used to buy, sell and trade (Functions of Money)

Back

Means of Exchange

Card 3

Front

Money has a value which can be maintained in the bank for future use (Functions of Money)

Back

Preview of the front of card 3

Card 4

Front

Official national currency of a country (Functions of Money)

Back

Preview of the front of card 4

Card 5

Front

Your view of risk and reward (Role of Money)

Back

Preview of the front of card 5
View more cards

Comments

No comments have yet been made

Similar Business resources:

See all Business resources »See all Finance resources »