Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Personal Finance 1<>

Terminology for Personal Finance

QuestionAnswer
What is a Current account A bank account that allows you to have a debit card and pay people by Direct Debit
What is a Savings account A Bank account that you cannot get immediate access to your money
What is a Loan When you borrow money from somebody or somewhere
What is Income Which of these is NOT a "source of income". Wages, Salary, Expenditure, Selling your clothes to someone. ?
What is a Cheque What method of paying someone from your bank account involves filling in a printed piece of paper from a Bank Book.
What is a Sort code a set of numbers like this 01 23 45 mean when you have to pay into a specific bank branch
What does a person's account number look like 8 numbers you have to give when paying into someone's bank mean ? ( eg 34568765 )
What do we call a loan to buy a House Mortgage
What three letters mean Cash Point to get cash from your account with a card ATM
What is it called when you run out of money in your bank by paying a bill that is higher than the amount in your account overdraft
What is Interest ? the money that some bank accounts pay you when you have money in your account
What is the abbreviation for an Individual Savings Account ISA
What name is given to the money you spend ? Expenditure
What do we call a list of all the payments, who they were paid to, how much you paid them and how much is left in your account Statement
What do we call When you plan your income and your expenditure to avoid money problems Budget
What is the abbreviation for Value Added Tax ? VAT
What does Accounting mean ? The process of keeping records of your money
What does an Accountant do Manage your financial records ?
What is Buying on Credit it is when a shop ( or online site) let's you have the item right away but you payment over a period of several months
What is the abbreviation for Hire Purchase ? H.P.
Created by: peterleechhomeed
Popular Math sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards