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Watch the videos and make a summary of what has been learnt on Padlet. Scan the QR Code.

Overview of the financial system

https://www.youtube.com/watch?v=RcIxTjJJ_2Y

Difference between Insurance and Assurance.

https://www.youtube.com/watch?v=FX3IzjM0r_4

The benefits of insurance

https://www.youtube.com/watch?v=ehvKU5wM0a8

Commercial bank of Dubai Roles.

https://www.youtube.com/watch?v=_7n_LjuLAlk

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A credit card that is given by the bank that allows a person to purchase goods

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F - Finance

I - Investment

N- Networking

A - Adaptability

N - Networking

C - Commerce

I- investment

A- Adaptability

L - Liability

S - Savings

Y- yield curve

S- Savings

T - Target Marketing

E - Economic

M - Marketing

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Funding

Investment

Net-profit

Asset

Net-worth

Credit

Insolvent

Accounts

Loan

Saving

Yield

Surplus

Trading

Economy

Money

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F- Financing

I- Investment

N- Net-worth

A- Asset

N- Networking

C- Contingency sum

I- Insolvent

A- Accounting

L- Liability

S- Surplus

Y- Yield

S- Savings

T- Trade

E- Exchange

M- Mortgage

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Financial system

Income

Nepotism

Accounting

Network

Capitalism

Investment

Assurance

Loan

Saturation

Yield

Statement of comprehensive income

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F- inancial crisis

I- investment

N- nepotism

A-assurance

N-net worth

C- capitalism

I-income

A-accounts

L-lease

S-savings

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F-financed

I- insurance

N- net profit

A- assurance

N- network

C- communism

I- integration

A- account

L- Lease

S- system

Y- yield curve

S- savings

T- turnover

E- education

M- mortgage

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F - Finance tax

I - Income statement

N - Net profit

A - Assurance

N - Net realization

C - competitive prices

I - Integration

A - Average rate of return

L - Leaseback

S - Statement of comprehensive income

Y - YED

S - Saturation

T - Time-series analysis

E - Economy

M - Marginal costing

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F- fund

I- import

N- net income

A-assets

N-net worth

C- consumption

I- income tax

A- accounts

L- liability

S- selling approach

Y-yield

S-savings

T-

E-

M-

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F- funds

I- interest

N- net worth

A- amenities

N- networking

C- charts

I- insurance

A- application

L- loan

S- savings

Y- yield

S- security

T- terminate

E- equity

M- management

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F - funds

I- interest

N- net worth

A- amenities

N- networking

C- charts

I- insurance

A- application

L- loan

S- savings

Y- yield

S - security

T- terminate

E - equity

M - management

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Finance

Investment

Nepotism

Accounting

News

Credit

Insolvent

Asset

Laws

System

Yield

Stocks

Trade

Event

Money

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We learnt about what financial systems are as well as financial assets.

We learnt the difference and the meaning of insurance and assurance

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Last lesson we learned the meanings of financial system, financial assets, insurance and assurance.

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A financial system is a set of institutions, such as banks, insurance companies, and stock exchanges, that permit the exchange of funds. Financial systems exist on firm, regional, and global levels. Borrowers, lenders, and investors exchange current funds to finance projects, either for consumption or productive investments, and to pursue a return on their financial assets.

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Financial systems enable the smooth and secure transfer of funds between individuals, businesses, and institutions. They provide payment systems, such as electronic funds transfer, credit cards, and digital wallets, which facilitate the settlement of transactions and support economic activities.

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We learnt about how banks are financial institutions that are significant for monetary purposes.

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I learned about how financial systems work and what they are all about, as well as its aspects, meaning and differences between assurance and insurance.

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The financial system is a set of markets and financial institutions that enable funds to flow from lenders to borrowers.

Difference between insurance and assurance.One way to understand the difference between insurance and assurance is to think of insurance as protection against risks that might happen in the future, while assurance is protection against events that are inevitable.

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We learned about the Financial system , Financial assets as well as insurance.

A Financial system is a network of Financial institutions such as insurance that work together to exchange and transfer capital from one place to another.

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insurance refers to coverage over a limited time, whereas assurance applies to persistent coverage for extended periods or until death.

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The government has implemented several options for the safety of the people in cases of crisis.

For example: they have insurance policies so that they would cover for us interms of finance.

For instance when a person goes to a visit to a hospital or a surgery. Or a car crash.

The government has been effective so far as represented by the happiness of the people.

They should give a wider range rather than just medical or bank or car.