Financial Terms Gap Fill - Answer Sheet

1. If you want to buy a house, you might need to take out a mortgage.

2. When you spend more money than you have in your account, you might go into overdraft.

3. It's important to know your credit score as it affects your ability to borrow money.

4. The interest rate is the amount charged by the bank for borrowing money.

5. You can store your money in a savings account to earn a bit of extra interest.

6. When travelling abroad, you may need to exchange your money for the local currency.

7. Remember to keep track of your transaction to manage your finances effectively.

8. If you owe money to someone, this is referred to as debt.