Areas of
Personal Finance
Personal Finance
Rent, utility bills, shopping and outings are all examples of?
Expenses
What are three examples of banking services?
ATMs, Credit & Debit Cards, Loans, Certificates of Deposit, Accounts
List 3 Non-banking departments in a bank
Marketing, Public Relations, Legal, Accounting, Cybersecurity, etc.
What is the result of subtracting your expenses from your income?
Savings
What is the difference between a credit card and a debit card?
A debit card charges directly from your savings account while a credit card allows its user to borrow from the bank to cover expenses
How do banks help businesses and trade?
By acting as an intermediary
List the 4 Areas of Personal Finance?
Income, expenses, savings, and investment
What is a loan?
Money borrowed from a person or organization under specific terms and conditions
What is the primary regulatory authority of all banks?
The Central Bank
What do you acquire to generate income & increase your wealth?
Investment
What is the limitation of a savings account?
There is a limit on how often/how much you can withdraw
What is the key role of the Central Bank?
To regulate and stabilise the economy.
What is discretionary income?
is what a household or individual has to invest, save, or spend after necessities are paid.
List 2 Examples of Saving & Debt tools available at banks
Credit Card & Loans (Debt)
To ensure the safety of customer information, accounts & cards (debit & credit) information, and the history of transactions; the ................ department maintains tools to protect the bank and its customers.
Cyber-security