Libf unit 1 - Study guides, Class notes & Summaries

LIBF Unit 1 Questions and answers, 100% Accurate, Graded A+ Define the term citizen. - -Someone who has the legal right to live in a country; Who decides who becomes a citizen? - -The government decide who becomes a citizen. What are societal norms? - -These are certain ways citizens expect people in the society in certain ways. Explain multi-cultural citizens and society. - -The UK is a multicultural society, this means there are a variety of influences. Outline the role and du...

LIBF Unit 1 Exam – 195 Answered Questions – A+ Scores

Annual Budget an outline, given by the Chancellor of the Exchequer, of planned government expenditure for the next financial year. Annual equivalent rate (AER) the interest rate that would be paid on a savings account if you were to leave the money in the account for a full year. Annual percentage rate (APR) the interest that would be charged on a sum borrowed over one full year; used to measure the interest rate on loans, mortgages and credit cards; the calculation includes the fees th...

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