Making Informed Financial Decisions (LC 2027) (Leaving Cert Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
How many main factors should be considered when making financial decisions?
How many main factors should be considered when making financial decisions?
Six factors
What must investment returns do in relation to inflation to maintain real value?
What must investment returns do in relation to inflation to maintain real value?
Exceed the inflation rate
What is the relationship between risk and potential returns in investments?
What is the relationship between risk and potential returns in investments?
Higher risk = higher potential returns
Which investment type suits short-term goals of 1 year?
Which investment type suits short-term goals of 1 year?
Low-risk options like savings accounts
In the MICRO framework, what does the 'C' represent?
In the MICRO framework, what does the 'C' represent?
Credit risk
What percentage of your credit rating is determined by payment history?
What percentage of your credit rating is determined by payment history?
35%
Why can younger investors usually tolerate more risk?
Why can younger investors usually tolerate more risk?
They have longer to recover from losses
Which organisation offers unbiased info about financial products including risks?
Which organisation offers unbiased info about financial products including risks?
MABS
Which is a key benefit of fintech?
Which is a key benefit of fintech?
Cost efficiency with lower fees
What is a consequence of having a poor credit rating?
What is a consequence of having a poor credit rating?
Higher interest rates when credit available