Savings and Credit (Junior Cert Home Economics): Quizzes
📚Quizzes
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11 questions from this quiz
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Practise the questions
11 questions from this quiz
What are the two options when you don't have enough money to buy something?
What are the two options when you don't have enough money to buy something?
Saving or buying on credit
What is one advantage of saving money?
What is one advantage of saving money?
You earn interest
Which is an advantage of saving rather than buying on credit?
Which is an advantage of saving rather than buying on credit?
No risk of getting into debt
What is the main disadvantage of saving?
What is the main disadvantage of saving?
You have to wait for the item
Where can you save money?
Where can you save money?
Credit union, bank or post office
What is interest?
What is interest?
Cost of borrowing or reward for saving
What is an advantage of buying on credit?
What is an advantage of buying on credit?
You use the item while paying for it
How does interest affect items bought on credit?
How does interest affect items bought on credit?
Makes items more expensive
With hire purchase, when do you own the item?
With hire purchase, when do you own the item?
When it's fully paid
What does a home filing system organise?
What does a home filing system organise?
Important family paperwork
What is an advantage of a home filing system?
What is an advantage of a home filing system?
Bills are paid on time