Saving (Junior Cert Business Studies): Quizzes
📚Quizzes
Practise the questions
12 questions from this quiz
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Practise the questions
12 questions from this quiz
What does 'saving' mean?
What does 'saving' mean?
Setting aside income instead of spending
Which of these is an example of saving for planned future expenses?
Which of these is an example of saving for planned future expenses?
Saving for annual car insurance
What benefit does saving for wants and goals provide?
What benefit does saving for wants and goals provide?
Lets you buy items without going into debt
How many months' expenses do experts recommend for an emergency fund?
How many months' expenses do experts recommend for an emergency fund?
3-6 months
How does saving money provide peace of mind?
How does saving money provide peace of mind?
It reduces financial stress and worry
Siobhan saves €75 weekly for a €4,000 car. About how long until she reaches her goal?
Siobhan saves €75 weekly for a €4,000 car. About how long until she reaches her goal?
Just over a year
What is the foundation of good saving habits?
What is the foundation of good saving habits?
Creating a budget
What is discretionary spending?
What is discretionary spending?
Non-essential purchases like dining out
Why should you use debit cards instead of credit cards when possible?
Why should you use debit cards instead of credit cards when possible?
To avoid paying interest charges
What is interest?
What is interest?
A reward for saving money with a bank
What two benefits do you get when saving money in a bank?
What two benefits do you get when saving money in a bank?
Money kept safe and earns interest
What are deposit accounts?
What are deposit accounts?
Special accounts designed for saving