LO 1.5 Saving and Borrowing
Learning Intentions
By the end of this section you should be able to do the following
1. Define the term saving and borrowing and the difference between the two
2. List why and where people save
3. List the services and products that are provided by financial institutions
4. Calculate interest on savings
5. List the taxes that are applied to savings and when is the best time to save
1. Define the term saving and borrowing and the difference between the two
2. List why and where people save
3. List the services and products that are provided by financial institutions
4. Calculate interest on savings
5. List the taxes that are applied to savings and when is the best time to save
Videos
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Assessment - Matching
Assessment - Learn
Additional Resources
Chapter notes (Saving) |
Chapter Notes (Borrowing) |
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Self Assessment - Quizlet (Saving) |
Self Assessment - Quizlet (Borrowing) |
Click here to find an interactive game to help you with the definition for this chapter
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Click here to find an interactive game to help you with the definition for this chapter
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Power-Point (Saving) |
Power-point (Borrowing) |
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Playing Cards (Savings) |
Playing Cards (Borrowing) |
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Sound Files - MP3 (Savings)
Key Terms
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What is Saving
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Reason for Saving
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Factors
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Where to save
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Calculations
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Sound Files - MP3 (Borrowing)
Key Terms
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Should we borrow money
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Before Borrowing
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Reason for Borrowing
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Borrowing Money
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Short-Term
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Medium-Term
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Long-Term
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