A. Understanding the importance of money management is very important. Answer a few
questions about the world of banking and finance. Take help from the help box.
Help Box
a. Cheque
b. Demand draft c. Principal
d. Stock certificate
e. Down payment f. Pension
g Overdraft facility h. Bounced
________________________
1. Identify these financial instrument?
2. What is the amount of money a person borrows as loan called?
3. What is a certificate representing a share of ownership in a company called?
4. What is the small deposit made on a large purchase called? It reduces the amount one
needs to borrow to make the rest of the payment.
5. What is the income a person receives after retirement called?
6. What is the agreement between you and your bank called that allows you to withdraw
more money than you have in your account?
7. A cheque that cannot be processed because of insufficient funds is called a
cheque.
B. Expand the following abbreviations related to banking and finance.
1. PIN
2. EMI
3. IOU
4 ATM
5 KYC
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