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3.2.3 - The economic climate on businesses MatchUp
Target Level
4-5
Running Total
0
0%
Attempt
1 of 3
Click on a top box, then click on its match below. Or, drag a top box and drop it onto the correct match. Match all pairs before clicking ‘Check’.
Borrowings become cheaper and at the same time customers have more to spend
Borrowings become more expensive and at the same time customers have less to spend
Overdraft
Luxuries
Looking for a first job, made redundant or dismissed from a job
Higher interest received from savings accounts
Necessities
Mortgages, loans and credit card repayments increase
Employment figures, interest rates, changes in tax or exchange rates and income
The cost of borrowing
The definition of interest rates
A short-term way to borrow from a bank, linked to a current account
Elements of the economic climate
Reasons for being unemployed
These items are still purchased from businesses even when consumer income reduces
These items are more likely to be purchased from businesses when consumer income increases
An advantage for consumers when interest rates increase
A disadvantage for consumers when interest rates increase
Impact on businesses when interest rates increase
Impact on businesses when interest rates decrease