Subjects · Leaving Cert Business
Leaving Cert Business: Household finance
How often Household finance comes up on the Business papers, every year it was asked, and questions to try.
HL Asked on 2 of the last 10 Higher Level papers, most recently in 2024.
OL Asked on 2 of the last 10 Ordinary Level papers, most recently in 2024.
June 2027 is the first exam on the new Business course. These come from the 2016–2026 papers, so read them as a guide.
Quick ones on Household finance.
- The tax deducted from the interest on the account
- The yearly interest earned, including interest on interest
- The fee charged to open the account
- The lender's profit on the loan
- Only the monthly repayment, without any charges
- The total yearly cost of borrowing, including charges
- Diversification
- Inflation
- Speculation
Show the answers
(a) The yearly interest earned, including interest on interest
(b) The total yearly cost of borrowing, including charges
(c) Diversification
Higher Level
Asked on 2 of the last 10 Higher Level papers, most recently in 2024.
Every paper, year by year
| Year | Where it came up |
|---|---|
| 2026 | Not asked |
| 2025 | Not asked |
| 2024 | Section 3 Q6 |
| 2023 | Not asked |
| 2022 | Section 3 Q6 |
| 2021 | Not asked |
| 2019 | Not asked |
| 2018 | Not asked |
| 2017 | Not asked |
| 2016 | Not asked |
Links open the State Examinations Commission’s paper for that year.
More Household finance questions
Household finance, 2 marks
When saving, inflation matters because…
- It always raises the interest rate paid on savings accounts
- It reduces the tax charged on interest from savings
- If it is higher than the interest rate, savings lose buying power
Show the answer
If it is higher than the interest rate, savings lose buying power
If prices rise 4% and savings earn 2%, the money buys less at the end of the year than at the start.
Household finance, 2 marks
Risk tolerance is…
- The bank's opening hours for customers
- How much possible loss a person is willing and able to accept
- The interest rate a lender charges on a personal loan
Show the answer
How much possible loss a person is willing and able to accept
A young saver investing for decades can usually tolerate more risk than someone who needs the money next year.
Household finance, 2 marks
A text that pretends to be from your bank and asks you to click a link is…
- Smishing
- A direct debit
- Contactless payment
Show the answer
Smishing
Smishing is phishing by SMS. Never click links in unexpected texts; contact the bank using its official number.
Ordinary Level
Asked on 2 of the last 10 Ordinary Level papers, most recently in 2024.
Every paper, year by year
| Year | Where it came up |
|---|---|
| 2026 | Not asked |
| 2025 | Not asked |
| 2024 | Section 1 Q1, Section 2 Q6 |
| 2023 | Not asked |
| 2022 | Not asked |
| 2021 | Section 1 Q1 |
| 2019 | Not asked |
| 2018 | Not asked |
| 2017 | Not asked |
| 2016 | Not asked |
Links open the State Examinations Commission’s paper for that year.
More Household finance questions
Household finance, 2 marks
AER stands for…
- Average earnings ratio
- Annual expense report
- Annual equivalent rate
Show the answer
Annual equivalent rate
AER shows the interest a savings account pays over a year, so you can compare accounts.
Household finance, 2 marks
APR stands for…
- Annual payment record
- Annual percentage rate
- Average price rise
Show the answer
Annual percentage rate
APR shows the yearly cost of a loan, including charges. Lower is cheaper.
Household finance, 2 marks
When choosing a savings account, a higher AER means…
- More interest earned
- Less interest earned
- Higher fees
Show the answer
More interest earned
A higher AER means your savings grow faster, as long as the other terms suit you.
Other Business topics
- Break-even
- Business and the economy
- Business expansion
- Communication
- Consumer protection
- Employment law
- Enterprise
- Human resource management
- Industrial relations
- Insurance
- International trade
- Law of contract
- Market research
- Motivation
- New product development
- Production
- Promotion
- Sources of finance
- Taxation
- The EU
- Business organisations
- Categories of industry
- Government and business
- Ratios
- Stakeholders
- Global marketing
- Planning
- Product life cycle
- Changing role of management
- Channels of distribution
- Factors of production
- Leading
- Marketing
- Marketing mix
- Multinational companies
- Organising
- Protectionism
- Structures
- Conflict resolution
- Market segmentation
- Pricing
- Cash flow
- Quality control
- Social responsibility
- State-owned enterprises
- Teamwork
- Business alliances
- Community development
- Controlling
- Data protection
- Delegation
- Ethics
- Global business
- Stock control
- The environment
- Credit control
- EU policies
- Management activities
- Management skills
- Total quality management
- Business plan
- Finance
- Globalisation
- Monitoring the business
- The single market