1. Personal budgets and spending choices
Unit 2 Topic 6
Kahoot

2. Personal budgets and spending choices
No.
Question A B C
Ans 1
Which of the following borrowing products typically starts with a 12-month interest-free credit period?
Credit card
Store credit
Personal loan 2
An example of a spur-of-the-moment purchase would be:
Replacing broken washing machine
a season ticket for work
Car insurance 3
Where is the best place to put your emergency fund?
Instant Access
Savings
ISA 4
What is the key to economic prosperity?
Inflation
Spending
Interest rates 5
Give three impacts of increased consumer spending. [3] 6
Give three examples of ‘spur of the moment’ purchases. [3] 7
What is infrastructure? [1] 8
Give three types of infrastructure. [3]

3. Answers No. Question A B C 1
Which of the following borrowing products typically starts with a 12-month interest-free credit period?
Credit card
Store credit
Personal loan 2
An example of a spur-of-the-moment purchase would be:
Replacing broken washing machine
a season ticket for work
Car insurance 3
Where is the best place to put your emergency fund?
Instant Access
Savings
ISA 4
What is the key to economic prosperity?
Inflation
Spending
Interest rates 5
Give three impacts of increased consumer spending. [3]
Marks awarded for any three points below
Higher levels of employment
Higher levels of personal income
Higher levels of tax receipts for the government from companies and individuals
Reduced government borrowing 6
Give three examples of ‘spur of the moment’ purchases. [3]
Marks awarded for any three points below or valid alternatives
Replacing a damaged tyre
Party invite
Broken appliance
Car repairs 7
What is infrastructure? [1]
Mark awarded for correct definition
the important physical systems of a nation [1] 8
Give three types of infrastructure. [3]
Transport
Communication
Water
Sewage
Power

4. Task
Go to the IFS website and take a look at the topic test for topic 6 to further revision the main points. Make revision materials. 10 minutes

5. Key Terms for Topic 6 CLICK FOR TIMER
Consumer Spending Infrastructure Non-essential spending Unexpected Spending
On your whiteboards or books, write down a definitions for these key terms. EXT: Can you give examples of each? 5 minutes
CLICK FOR TIMER

6. Answers
Consumer spending – spending by ordinary people.
Non-essential spending – spending on items that we want, but which
are not essential to surviving. Examples would include holidays and luxury items such as an iPad.
Unexpected spending – when a need to spend arises that was not expected; not emergencies, but times when there is a need to buy or pay for something that wasn’t planned for in advance.
Infrastructure – the important physical systems of a nation – for
example, transport, communication, water and sewage, and power.

7. GCSE IFS Finance – Unit 2 Topic 6
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GCSE IFS Finance – Unit 2 Topic 6