Teachers and parrents

Instructions:

You are a financial advisor to advise people in difficult situations. Always choose the decision, that is the best recommendation in the area.

Example

  1. Parents want to borrow money, but they are not sure if they will be able to repay it:

    They decide to wait with the loan until they will have more certainty.
    Nevertheless they decide to borrow, they have always had enough money.
  2. If I want to take out insurance as a client, I will visit:

    bank.
    insurance company.
  3. Your parents promised you to go on holiday together, but they don't have the money for it:

    They talk to you that they do not have enough money and you will not go on holiday this year.
    They will find a credit institution and borrow the required amount without thinking.
  4. Parents look at loan offers, find out their terms and decide on a loan from an institution that:

    offers them slightly higher installments, but a holiday worth a thousand pounds as a bonus for concluding a contract with them.
    offers them lower installments and the opportunity to choose how long they will repay the loan.
  5. The borrower has a large amount of loans and got into a debt trap:

    He takes another loan and hopes that the situation will be resolved on its own.
    He will visit the bank and ask for the consolidation of the loans.
  6. The debtor is subject of execution:

    The debtor refuses to let the executor going to his home.
    The debtor tries to cooperate with the executor and find a solution together.
  7. Parents do not have enough money to repay the loan in the bank:

    They will visit their financial advisor and try to find a solution together.
    They try to ignore the situation and wait for the bank to behave.
  8. When traveling abroad it is good to have accident insurance because:

    it protects the client from injury.
    in the event of an accident, the insurance company pays the costs of treatment abroad instead of you.
  9. Parents' washing machine broke down, which is necessary for running a household:

    They go to the store and buy a new one in installments.
    They check, if they have any savings and use part of them to buy a new washing machine.
  10. When paying for goods over the Internet:

    you enter all your payment details without any worries.
    if you find the e-shop untrustworthy, you will leave it and find another one.

Solution

  1. Parents want to borrow money, but they are not sure if they will be able to repay it:

    They decide to wait with the loan until they will have more certainty.
    Nevertheless they decide to borrow, they have always had enough money.
  2. If I want to take out insurance as a client, I will visit:

    bank.
    insurance company.
  3. Your parents promised you to go on holiday together, but they don't have the money for it:

    They talk to you that they do not have enough money and you will not go on holiday this year.
    They will find a credit institution and borrow the required amount without thinking.
  4. Parents look at loan offers, find out their terms and decide on a loan from an institution that:

    offers them slightly higher installments, but a holiday worth a thousand pounds as a bonus for concluding a contract with them.
    offers them lower installments and the opportunity to choose how long they will repay the loan.
  5. The borrower has a large amount of loans and got into a debt trap:

    He takes another loan and hopes that the situation will be resolved on its own.
    He will visit the bank and ask for the consolidation of the loans.
  6. The debtor is subject of execution:

    The debtor refuses to let the executor going to his home.
    The debtor tries to cooperate with the executor and find a solution together.
  7. Parents do not have enough money to repay the loan in the bank:

    They will visit their financial advisor and try to find a solution together.
    They try to ignore the situation and wait for the bank to behave.
  8. When traveling abroad it is good to have accident insurance because:

    it protects the client from injury.
    in the event of an accident, the insurance company pays the costs of treatment abroad instead of you.
  9. Parents' washing machine broke down, which is necessary for running a household:

    They go to the store and buy a new one in installments.
    They check, if they have any savings and use part of them to buy a new washing machine.
  10. When paying for goods over the Internet:

    you enter all your payment details without any worries.
    if you find the e-shop untrustworthy, you will leave it and find another one.

Solve exercises