Saving and Investing (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 is the main difference between saving and investing?
What is the main difference between saving and investing?
Saving is short-term, investing long-term
Why are savings products ideal for emergency funds?
Why are savings products ideal for emergency funds?
They allow quick access to your money
Which statement about investing is correct?
Which statement about investing is correct?
It typically involves more risk
What is a key feature of demand deposit accounts?
What is a key feature of demand deposit accounts?
Immediate access to your funds
What is true about fixed-term deposit accounts?
What is true about fixed-term deposit accounts?
Higher rates than demand accounts
What must you do before withdrawing from a notice deposit account?
What must you do before withdrawing from a notice deposit account?
Give advance warning
What do credit union share accounts provide to members?
What do credit union share accounts provide to members?
A share of the annual profits
What is a key benefit of An Post savings bonds and certificates?
What is a key benefit of An Post savings bonds and certificates?
Interest earned is tax-free
What feature makes prize bonds different from other savings products?
What feature makes prize bonds different from other savings products?
Tax-free weekly prize draws
When comparing accounts, what does 'the higher the better' refer to?
When comparing accounts, what does 'the higher the better' refer to?
The AER rate offered
How is compound interest different from simple interest?
How is compound interest different from simple interest?
It's calculated on total balance
What is DIRT?
What is DIRT?
Government tax on savings interest