Libf unit 3 - Study guides, Class notes & Summaries

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 CEFE Unit 1 Topic 1, 2, 3, 4, 5, 6, 7, 8, 9, 10 & 11 Complete Questions And Answers Bill a law that has been passed. Cabinet a committee of senior government ministers who are responsible for setting government policy. Charity (1) an organisation set up to help a particular group or issue; (2) the act of donating money or time to a cause. Coalition when two or more political parties join together to form a majority in Parliament because neither of them could do so by themselves. ...

LIBF UNIT 1 TOPIC 3 Q&A with 100% answers

LIBF- Unit 3 questions and answers with verified solutions 2023 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. Cash flow forecast A plan of expected incomings and outgoings over several time periods, such as the next three months or a year. Cash flow modelling A software program that can predict the medium- and long-ter...

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 What is the NEST - -Low-cost, trust based pension scheme . Also available to self employed people What is a Non-Financial investment - -Buying works of art, fine wine or classic cars What is fle...

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 support (such as reduced bus and train fares or provision of housing) that the government provides for people who are unable to get any other income. Bonds - -A certificate that shows you have bought ...

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...