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. You have an accident in the apartment, the water has burst and you are not insured:

    Parents will take out a loan from a building savings that just ends.
    Parents will take out a loan from a credit company with a higher interest rate but an immediate payment.
  2. The borrower has a large amount of loans and got into a debt trap:

    He will visit the bank and ask for the consolidation of the loans.
    He takes another loan and hopes that the situation will be resolved on its own.
  3. As part of motor insurance you may also encounter with:

    compulsory liability.
    limited liability.
  4. You don't have enough money to buy Christmas presents, but you want to have a nice Christmas:

    You decide to borrow from a credit institution, you get the money right away.
    You decide to buy only as many presents as you have the money for.
  5. 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.
  6. Complaints by the e-shop take a very long time:

    You are constantly contacting the seller and trying to resolve the situation.
    For you it is OK, you don't want to argue with them.
  7. You framed your family photos in the shop, but you're not happy with the color of the frame:

    Since the photos are already framed, there's nothing you can do about it.
    You can complain about the photos in the wrong frame because the complaint also apply to these services.
  8. There was a water pipe accident in one of the flats, the flat was flooted and there was considerable damage. However, the owners of the apartment were at rest because they had arranged:

    household insurance.
    accident insurance.
  9. The court will issue a payment order ordering the debtor to repay the debts:

    The debtor tries to solve his situation with the help of experts.
    The debtor ignores the situation and tries to prevent it, he thinks that he has not made a mistake.
  10. You lost a receipt for the new headphones you paid in cash:

    You're going to the dealer and trying to ask for a copy of the receipt.
    You're waving at that hand, they weren't expensive.

Solution

  1. You have an accident in the apartment, the water has burst and you are not insured:

    Parents will take out a loan from a building savings that just ends.
    Parents will take out a loan from a credit company with a higher interest rate but an immediate payment.
  2. The borrower has a large amount of loans and got into a debt trap:

    He will visit the bank and ask for the consolidation of the loans.
    He takes another loan and hopes that the situation will be resolved on its own.
  3. As part of motor insurance you may also encounter with:

    compulsory liability.
    limited liability.
  4. You don't have enough money to buy Christmas presents, but you want to have a nice Christmas:

    You decide to borrow from a credit institution, you get the money right away.
    You decide to buy only as many presents as you have the money for.
  5. 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.
  6. Complaints by the e-shop take a very long time:

    You are constantly contacting the seller and trying to resolve the situation.
    For you it is OK, you don't want to argue with them.
  7. You framed your family photos in the shop, but you're not happy with the color of the frame:

    Since the photos are already framed, there's nothing you can do about it.
    You can complain about the photos in the wrong frame because the complaint also apply to these services.
  8. There was a water pipe accident in one of the flats, the flat was flooted and there was considerable damage. However, the owners of the apartment were at rest because they had arranged:

    household insurance.
    accident insurance.
  9. The court will issue a payment order ordering the debtor to repay the debts:

    The debtor tries to solve his situation with the help of experts.
    The debtor ignores the situation and tries to prevent it, he thinks that he has not made a mistake.
  10. You lost a receipt for the new headphones you paid in cash:

    You're going to the dealer and trying to ask for a copy of the receipt.
    You're waving at that hand, they weren't expensive.

Solve exercises