LIBF Exam Bundle, Examinable Questions ( Answered)

LiBF Unit 1 Question with accurate answers, 100% Accurate, rated A+ Citizen - -Someone who is legally considered to be a member of a country and has certain rights and responsibilities within that country Who decides who becomes a citizen - -The government home office Society norms - -rul...

LIBF Unit 1 E-test Revision Test-2. Questions with accurate answers, 100% Accurate, rated A+ Give an example of a function of money... - -Exchange For money to function as intended, it needs to be: - -Acceptable A key feature of money is that all coins and banknotes of a certain denominat...

LiBF Unit 2, Question and answers, 100% Accurate, rated A+ 1.1 Outline the need for financial planning. - -Make better financial decisions Avoid unnecessary debt Help make decisions on savings, spending and progress in reaching goals Helps show what you have to do to get to where you want ...

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 expe...

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 pe...

LIBF- Unit 3, Top Exam Question and answers, 100% Accurate, rated A+ 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. Ca...

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 woul...

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 e...

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 Englan...

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 ...

LIBF multiple choice unit 4. Question and answers, 100% Accurate, graded A+ A bank - -Which of the following is an example of a large public limited company? HM Treasury - -The government department that has overall responsibility for financial stability in the UK is: provide services to ...

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)...

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 yea...

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 sup...