Libf unit 1 topic 1 - Study guides, Class notes & Summaries

LIBF Unit 4 Topic 1 Quiz With Best Solutions 100% Verified.

LIBF Unit 1 - topic 1, 2, 3. Questions and answers, 100% Accurate, graded A+ Austerity - -A government measure to reduce the amount of money it spends (usually reduced wages and benefits), resulting in difficult financial conditions for a population. Benefits - -Money and other financial support (such as reduced bus and train fares or provision of housing) that the government provides for people who are unable to get any other income. Bonds - -A certificate that shows you have bought ...

LIBF UNIT 2 - TOPIC 1, Exam Preview. 100% Accurate, graded A+ Affordability - -An important concept in helping people to choose financial products, based on budgeting and forecasting to help individuals decide what they can afford to spend Aspirations - -Things or experience that people would like to have on the future, for example having a luxury holiday Attitudes - -People's thoughts and feelings at a given time and place, whether it be about another person, an event or an issue ...

LIBF Unit 4 Topic 1 Study guide question sections. 100% Coverage, rated A+ Competition and Markets Authority (CMA) - -The body responsible for strengthening business competition and preventing and reducing anti-competitive activities. Counterparties - -People and organisations (eg companies) who lend money to and borrow from financial intermediaries (ie financial institutions such as banks). Credit Union - -A mutual organisation (that is, owned by its members) that provides a range of...

LIBF Unit 3 - Topic 1. Exam Questions with answers, rated A+ Payday Loans - -A temporary loan at a high interest rate Contingency Planning - -Attempting to plan for unexpected events and taking them into account Types of pension - -State, occupational, personal plan, stakeholder, NEST What is the NEST - -Low-cost, trust based pension scheme . Also available to self employed people What is a Non-Financial investment - -Buying works of art, fine wine or classic cars What is fle...

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 wage for apprentices under 19 or in their first year? - Answer- £4.15 How many hours can an employee work? - Answer- An employee can work a maximum of 48 hours per week averaged over 17 weeks unle...

LIBF Unit 4 Topic 1 Exam Questions With Guarante Solutionz 2023