Libf unit 3 topics 1 - Study guides, Class notes & Summaries

LIBF Unit 3 topics 1, 2, 3, 4, 5, 6, & 7 Q&A with complete solution 2023/2024

LIBF Unit 3 topics 1, 2, 3, 4, 5, 6, & 7. Exam Resource. 100% Approved. Rated A+ Assets - -Things that a person or a business owns. For a person their assets might include property, jewellery or financial products such as company shares. Bank rate - -The interest rate that the Bank of England uses when it lends money to other banks. Financial services providers take account of the Bank rate when they decide how to set interest rates on their own products. Bankruptcy - -A situation in ...

LIBF Unit 1 topics 1, 2, 3, 4, 5 & 6 Exam/130 Questions & Answers

LIBF Unit 1 topics 1, 2, 3, 4, 5 & 6 Q&A with complete solution 2023/2024

LIBF Unit 1 topics 1, 2, 3, 4, 5 & 6. Full exam review. Rated A+ Acceptable - -One of the key features of money - to be widely accepted. Barter - -To exchange goods and services for other goods and services without using money. Current account - -Bank or building society accounts where people can store their money in the form of electronic balances and withdraw it to make payments. Denomination - -A group of coins or notes that share the same face value. Divisible - -A key featu...