ch.7 savings

0.0(0)
studied byStudied by 0 people
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
Card Sorting

1/7

encourage image

There's no tags or description

Looks like no tags are added yet.

Study Analytics
Name
Mastery
Learn
Test
Matching
Spaced

No study sessions yet.

8 Terms

1
New cards

reasons for saving

future spending, emergencies, credit rate

2
New cards

factors to consider when saving

risk, reward, taxation, future benefits

3
New cards

what’s AER

annual equivalent rate ( tax on interest )

4
New cards

what’s DIRT

Deposit Interest Retention Tax ( tax an interest )

5
New cards

what’s commercial banks

individuals deal with (an post)

6
New cards

what are credit unions

Save together

7
New cards

building societies

saving for a mortgage/loan (esb)

8
New cards

how to calculate interest

principal x time x rate