Libf un - Study guides, Class notes & Summaries

LIBF unit 1 key words with complete solution

LiBF Unit 2

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

LiBF Unit 1 Exam Questions with Correct Answers

1.1 Outline the need for financial planning. - Answer- 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. - Answer- Factors influenced by stage in life cycle Attitude to risk Attitude to Risk - Answer- a. Risk tolerance - how does the individual feel about the possibility of losi...

Acceptable - Answer- One of the key features of money - to be widely accepted. Barter - Answer- To exchange goods and services for other goods and services without using money. Current account - Answer- Bank or building society accounts where people can store their money in the form of electronic balances and withdraw it to make payments. Denomination - Answer- A group of coins or notes that share the same face value. Divisible - Answer- A key feature of money - to be easily divided ...

LiBF Unit 1

QUESTIONS AND ANSWERS

LIBF Unit 1 E-test Revision Test 1 With Complete Solutions 2024