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LIBF revision unit 1, Exam Questions and answers, 100% Accurate, rated A CA$9.32   Add to cart
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LIBF revision unit 1, Exam Questions and answers, 100% Accurate, rated A
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LIBF revision unit 1, Exam Questions and answers, 100% Accurate, rated A What is a direct debit? - -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? - -Standing order Pete is 21 ye...

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  • February 21, 2023
  • 2
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

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  • libf revision unit 1
  • exam questions and answers
  • 100 accurate
  • rated a what is a direct debit payments can be for different amounts of money each time what are instructions that pay the sa

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LIBF revision unit 1, Exam Questions
and answers, 100% Accurate, rated A



What is a direct debit? - ✔✔-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? - ✔✔-
Standing order



Pete is 21 years old, what stage is he in his life cycle? - ✔✔-Young adult



What is the age range for someone who is middle aged? - ✔✔-41-54 years old



Ross is in the teenage life stage, how old could he be? - ✔✔-13-19 years old



What type of bank account do young people often use? - ✔✔-Savings account



What are the main requirements for everyday banking for young people? - ✔✔-Store money and
withdraw cash



What do people look for in a bank account? - ✔✔-It matches their everyday needs



What is the term for the interest rate and the fees that providers charge borrowers? - ✔✔-Cost of
borrowing



True/False, can a provider refuse an application to open an account if they think that they will not be a
profitable customer? - ✔✔-True

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