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LIBF Unit 1 E-test Revision Test 1. Exam Question & Answers, rated A+
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LIBF Unit 1 E-test Revision Test 1. Exam Question & Answers, rated A+ What customers will directly benefit of interest rates rise? - -People with a variable rate cash isa The financial services (banking reform) bill includes the concept of ring fencing. For a bank this means: - -Separating ...

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  • February 21, 2023
  • 4
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

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  • libf unit 1 e test revision test 1 exam question amp answers
  • rated a what customers will directly benefit of interest rates rise people with a variable rate cash isa the financial services

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LIBF Unit 1 E-test Revision Test 1. Exam
Question & Answers, rated A+

What customers will directly benefit of interest rates rise? - ✔✔-People with a variable rate cash isa



The financial services (banking reform) bill includes the concept of ring fencing. For a bank this means: -
✔✔-Separating everyday banking activities from investment banking activities



What do u have to provide to a bank for proof of address when opening a bank account? - ✔✔-A water
bill issued two months ago



The consumer credit act provides protection for goods and services paid for with a credit card, up to a
maximum value of.... - ✔✔-£30,000



How many attempts does a debit card holder have to enter their correct pin before a transaction is
declined? - ✔✔-Three



Is it true that discretionary expenses should be shown in a cash flow forecast? - ✔✔-Yes it is!



National savings & investments (NS&I) products are guaranteed by..... - ✔✔-HM treasury



What body has an objective to promote the safety and soundness of financial providers? - ✔✔-The
prudential regulation authority (PRA)



Who does the financial conduct authority report directly to? - ✔✔-HM treasury



If a bank wishes to close someone's bank account, how much notice must the bank give the account
holder? - ✔✔-Two months

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