A3 Current accounts.​

Unit 3: Personal and Business Finance ​

A3 Current Accounts.​

Open Ended

How was your weekend?

Open Ended

Did you do the homework if no, why not and what are you doing about it?

Open Ended

To those who did the homework, how did you find it?

Open Ended

Which attributes are you excelling at and which ones need attention?

Open Ended

Which learning outcomes have we covered so far?

Open Ended

What is a current account and can you name any features of the account using real life examples?

Open Ended

Advantages and disadvantages of a standard account?

Open Ended

Advantages and disadvantages of a packaged/premium account?

Open Ended

Advantages and disadvantages of a basic account?

Open Ended

Advantages and disadvantages of a student account?

Open Ended

What type of bank account do you have, what are its features and why did you choose that account?

Open Ended

How would go about researching which account is suitable for you?

Open Ended

Any questions or suggestions?

Open Ended

Can you name some of the borrowing products provided by banks?

Open Ended

What are the features, advantages and disadvantages of one of the following types of borrowing:​

-Overdraft.​

-Personal loans.​

-Hire purchase.​

-Mortgages.​

-Credit cards.​

-Payday loans.​

Open Ended

What is the difference between saving and investment?​

Open Ended

What is insurance?

What is insurance? 

It is a form of protection. Insurance covers the cost of loss, damage or illness up to prearranged levels in return for regular payments called premiums. ​

Open Ended

List the types of items that can be insured

Open Ended

Why are they important to you?

Open Ended

What are the risks involved in not taking out insurance?

Open Ended

Fire away with some answers

Open Ended

Any questions or suggestions

Homework

Please catch up on your reading in the core text (pg.114-130) and class slides.

Mock Assessment next week covering Learning Outcome A

-A1 Functions and role of money.​

-A2 Different ways to pay.​

-A3 Current accounts.​

-A4 Managing personal finance.​