CEFE unit 2 Q1

a characteristic describing someone who prefers not to take risks.

• Earned income
• Money
• Risk-adverse
• simple interest

managing day-to-day money to pay bills, buy food, save and pay for other essential spending

• Budgeting
• Saving
• Demography
• Bureau De Change

a form of borrowing offered by banks, building societies and some specialist firms. It allows the cardholder to borrow money by paying for things using the credit card, but is generally the most expensive way to borrow, unless the balance is paid in full every month.

• Credit Card
• Currency
• Statement
• Credit Rating

a pot of money that can be used to cover emergencies, such as unexpected spending, loss of income or other unexpected financial problems

• Bank Rate
• Emergency Fund
• Dependent
• Faster Payments

one of the two main regulators of financial services in the UK. It sets rules and standards that providers must meet.

• De La Rue
• Financial Conduct Authority
• Royal Mint
• Unit Trust

making plans to meet short- and long-term needs

• BACS
• Teleshopping
• Professional Career
• Financial planning

the process of managing money, including budgeting, banking, saving, investing and tax planning.

• personal loan
• professional career
• Money management
• income

a loan to help people buy houses or flats. They are offered mainly by banks and building societies and can last for up to 30 years.

• mortgage
• credit union
• overdraft
• statement

the amount a person earns after deductions have been taken by the government, ie for tax and National Insurance.

• Gross income
• wage
• salary
• Net Income

a target; something that the individual wants or needs to achieve.

• Unearned income
• Objective
• Wage
• Imports