This week and last week we have been doing banqer. Last week we learned about Credit cards, Debit cards, After pay, Personal loan, Overdraft and hire purchase.
A credit card is where all the money in it is the banks and however much money spent however much money you spend is the amount is the amount that you have to pay back. A debit card is wherever you work that’s where your pay goes.
After pay is where you get something then you make some easy payments then you pay it every week. Personal loan A personal loan is where you borrow some money from the bank and they check if you make enough money and your bills and then if you make enough you can get a loan.
Overdraft is where you spend too much money and try and get more money from the bank. Hire Purchase is where you hire an item and you agree to make monthly payments on it.