Libf unit 3 - Study guides, Class notes & Summaries

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. 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 mediu...

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-term impact of different decisions and events on an individual'...