Borrowing Money

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1. Many people borrow money at some time. For example, very few people can pay cash for the home or car of their choice. Also, many people use credit cards or personal loans to purchase items such as furniture and electrical appliances. In order to have the use of the goods immediately, people borrow money to pay for them. They then make regular repayments over a period of time and pay an additional charge called:

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Money Quizzes & Trivia

Commerce Quiz on Home LearningPersonal Finance - Borrowing Money

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2. Wise consumers should always select the most appropriate type of loan for what they want to buy. This will require them to compare the advantages and disadvantages of different types of loans. These types of loans include:

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3. When talking about personal loans, what do we mean by unsecured loan?

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4. When talking about personal loans, what do we mean by secured loan?

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5. What is a guarantor?

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6. As part of your home learning, you were required to look at the reasons for and against borrowing money. Besides 'Forced saving', what is ONE reason FOR borrowing money that was listed.

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7. Once you have decided to take out a home loan, there are four important steps you should take. The first step is:

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8. As part of your home learning, you were required to look at the reasons for and against borrowing money. Besides 'false sense of security', what is ONE reason AGAINST borrowing money that was listed.

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9. Once you have decided to take out a home loan, there are four important steps you should take. The fourth and final step is:

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10. Once you have decided to take out a home loan, there are four important steps you should take. The third step is:

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11. Once you have decided to take out a home loan, there are four important steps you should take. The second step is:

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Many people borrow money at some time. For example, very few people...
Wise consumers should always select the most appropriate type of loan...
When talking about personal loans, what do we mean by unsecured loan?
When talking about personal loans, what do we mean by secured loan?
What is a guarantor?
As part of your home learning, you were required to look at the...
Once you have decided to take out a home loan, there are four...
As part of your home learning, you were required to look at the...
Once you have decided to take out a home loan, there are four...
Once you have decided to take out a home loan, there are four...
Once you have decided to take out a home loan, there are four...
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