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Subjects / JC Business Studies / Strand 1: Personal Finance

Borrowing and credit

Types of loans, APR and the true cost of credit.

2nd Year3rd Year Common
Helps to know first: Saving and investing
15practice questions

Fill the gaps: 1 · Match the pairs: 1 · Multiple choice: 4 · Select all that apply: 1 · Numeric answer: 4 · Put in order: 1 · Short answer: 2 · Written answer (self/teacher assessed): 1

Each question has up to three hints, a worked explanation, and is tracked in your progress and review plan.

Practise this topic

Try a question

Multiple choice
Which source of finance is most suitable for buying a house?
Choose one answer
Hint 1

Match the length of the loan to the life of the asset.

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