LIBF

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 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 to be 1.2 Explain the personal factors which influence financial planning. - -Factors influenced by stage in life cycle Attitude to risk Attitude to Risk - -a. Risk tolerance - how does the in...

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 denomination need to be homogeneous . True or false? - -True British banknotes have a promise on them to 'pay the bearer on demand the sum of' followed by the amount of money the banknote represents. The ...

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 - -rules and expectations of the behaviour of people 1.2 Outline the role and duties of a citizen in society in the UK. - -Political rights and responsibilities Legal rights and responsibilities Econom...

LIBF Unit 1, Top Exam Question with accurate answers, 100% Accurate, rated A+ 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...