Across
- 1. Card Cards used to purchase goods or services on credit from a store, up to a pre arranged credit limit.
- 3. Putting some of your wages or salary aside for later use e.g. in a savings account or by investing in stocks and shares or 5 or 10 year savings plan.
- 6. A plan of your future weekly, inflows of finance and the outflows of finance to identify under and overspending.
- 7. The stages of life people go through
- 9. Something given up when making a choice e.g. when buying a sandwich from the school canteen you give up the benefit you could have got from a hot chocolate.
- 11. The basic products that people need to survive e.g. food, drink, shelter, warmth, and clothing.
- 12. A figure quoted in savings advertisements to help customers compare savings products with one another
- 13. The desire to consume goods and services. Wants are unlimited because there is no limit to the amount of goods and services people would like to consume.
- 15. Long term loan often secured on a house, which remains the property of the banks until it is paid off
- 17. The time in the personal life cycle when you stop working and depend for income on your retirement fund in a pension. Or continue to work if it’s not enough- semi-retired
- 19. The quantity of a good or service that consumers are willing and able to buy at a particular price.
- 20. Resources are limited compared with our wants
Down
- 2. The rights and wrongs of an issue
- 4. The interest rate charged on loans to help compare their rates
- 5. The quantity of a good or service that businesses will offer for sale at a given price.
- 8. Total money received by a person from salary or wages, interest or dividend.
- 10. An annual rate which is charged to borrowers or paid to savers
- 14. regular payments from the government to support people who are unemployed or in need.
- 16. Borrowing up to an agreed limit on a current account. Daily interest is charged it must be paid back and can be called in at any time by a bank.
- 18. Type of savings account