LIBF Unit 1 E-test Revision Test 1/LIBF Unit 1 E-test Revision Test-2/LIBF-Unit 4/LIBF multiple choice unit 4/LiBF Unit 2/LIBF Unit 1 topics 1-6/LIBF Unit 1 Topic 12/LIBF QUESTIONS AND ANSWERS/LIBF revision unit 1
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What customers will directly benefit of interest rates rise? - Answer- People with a variable rate cash isa The financial services (banking reform) bill includes the concept of ring fencing. For a bank this means: - Answer- Separating everyday banking activities from investment banking activities...
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Add to cartWhat customers will directly benefit of interest rates rise? - Answer- People with a variable rate cash isa The financial services (banking reform) bill includes the concept of ring fencing. For a bank this means: - Answer- Separating everyday banking activities from investment banking activities...
Give an example of a function of money... - Answer- Exchange For money to function as intended, it needs to be: - Answer- Acceptable A key feature of money is that all coins and banknotes of a certain denomination need to be homogeneous . True or false? - Answer- True British banknotes have...
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Add to cartGive an example of a function of money... - Answer- Exchange For money to function as intended, it needs to be: - Answer- Acceptable A key feature of money is that all coins and banknotes of a certain denomination need to be homogeneous . True or false? - Answer- True British banknotes have...
competition and markets authority - Answer- The body responsible for strengthening business competition and preventing and reducing anti-competitive activities. counterparties - Answer- People and organisations (eg companies) who lend money to and borrow from financial intermediaries (ie financia...
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Add to cartcompetition and markets authority - Answer- The body responsible for strengthening business competition and preventing and reducing anti-competitive activities. counterparties - Answer- People and organisations (eg companies) who lend money to and borrow from financial intermediaries (ie financia...
A bank - Answer- Which of the following is an example of a large public limited company? HM Treasury - Answer- The government department that has overall responsibility for financial stability in the UK is: provide services to individuals and to small and medium-sized businesses - Answer- Reta...
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Add to cartA bank - Answer- Which of the following is an example of a large public limited company? HM Treasury - Answer- The government department that has overall responsibility for financial stability in the UK is: provide services to individuals and to small and medium-sized businesses - Answer- Reta...
1.1 Outline the need for financial planning. - Answer- Make better financial decisions Avoid unnecessary debt Help make decisions on savings, spending and progress in reaching goals Helps show what you have to do to get to where you want to be 1.2 Explain the personal factors which influence...
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Add to cart1.1 Outline the need for financial planning. - Answer- Make better financial decisions Avoid unnecessary debt Help make decisions on savings, spending and progress in reaching goals Helps show what you have to do to get to where you want to be 1.2 Explain the personal factors which influence...
Acceptable - Answer- One of the key features of money - to be widely accepted. Barter - Answer- To exchange goods and services for other goods and services without using money. Current account - Answer- Bank or building society accounts where people can store their money in the form of electro...
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Add to cartAcceptable - Answer- One of the key features of money - to be widely accepted. Barter - Answer- To exchange goods and services for other goods and services without using money. Current account - Answer- Bank or building society accounts where people can store their money in the form of electro...
What is the National Living Wage for those aged 25 and over? - Answer- £8.72 What is the minimum wage for those aged 21-24? - Answer- £8.20 What is the minimum wage for those aged 18-20? - Answer- £6.45 What is the minimum wage for those under 18? - Answer- £4.55 What is the minimum ...
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Add to cartWhat is the National Living Wage for those aged 25 and over? - Answer- £8.72 What is the minimum wage for those aged 21-24? - Answer- £8.20 What is the minimum wage for those aged 18-20? - Answer- £6.45 What is the minimum wage for those under 18? - Answer- £4.55 What is the minimum ...
A budget is a personal financial plan that usually covers a period of: Select one: A. four weeks. B. one month. C. three months. D. six months. - Answer- b The main purpose of a budget, as part of a financial plan, is to: Select one: A. avoid getting into financial difficulties. B. disco...
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Add to cartA budget is a personal financial plan that usually covers a period of: Select one: A. four weeks. B. one month. C. three months. D. six months. - Answer- b The main purpose of a budget, as part of a financial plan, is to: Select one: A. avoid getting into financial difficulties. B. disco...
What is a direct debit? - Answer- Payments can be for different amounts of money each time. What are instructions that pay the same amount of money to another account on a regular basis? - Answer- Standing order Pete is 21 years old, what stage is he in his life cycle? - Answer- Young adult ...
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Add to cartWhat is a direct debit? - Answer- Payments can be for different amounts of money each time. What are instructions that pay the same amount of money to another account on a regular basis? - Answer- Standing order Pete is 21 years old, what stage is he in his life cycle? - Answer- Young adult ...
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