FinLit Recap

The right to live and work in an environment which is neither threatening nor dangerous, and which permits a life of dignity and well-being.

• Right to Safety

• Right to Basic Needs

• Right to a Healthy Environment

_____ involves paying off smallest debts first, then moving on to the next smallest, and so on.

A rise in prices, which can be translated as the decline of purchasing power over time.

• Deflation

• Investment

• Inflation

• Interest

The right to express consumer interests in the making and execution of government policies.

• Right to Consumer Education

• Right to a Healthy Environment

• Right to Representation

_____ transfers are reflected in real-time while _____ transfers may take time to be reflected depending on their respective cut-off times.

• PESOnet, InstaPay

• InstaPay, PESOnet

Is a peso account wherein funds of a specific amount are given pre-determined competitive rates for a fixed term.

• High Yield Savings Account (HYSA)

• Interest Bearing Current Account (IBCA)

• ATM Savings Account

• Basic Deposit Account

A written document that describes in detail how a business - usually a new one is going to achieve its goals.

• Blueprint

• Business Plan

• Investment Plan

The right to be compensated for misrepresentation, shoddy goods or unsatisfactory services.

• Right to Redress

• Right to Basic Needs

• Right to Consumer Education

This law protects the consumers against hazards to health and safety, and against deceptive, unfair and unconscionable sales acts and practices.

• RA 3794

• RA 4739

• RA 7394

• RA 7943

The technical and analytical competencies and know-how that allow the worker to perform the mechanical aspects of a job.

• Hard Skills

• Green Skills

• Higher Order Thinking Skills

• Multi Skilling