University of Strathclyde LIBF Unit 1 E-test Revision Test 1 || A+
Score Secured.
What customers will directly benefit of interest rates rise? correct answers People with a variable
rate cash isa
The financial services (banking reform) bill includes the concept of ring fencing. For a bank this
means: correct answers Separating everyday banking activities from investment banking
activities
What do u have to provide to a bank for proof of address when opening a bank account? correct
answers A water bill issued two months ago
The consumer credit act provides protection for goods and services paid for with a credit card, up
to a maximum value of.... correct answers £30,000
How many attempts does a debit card holder have to enter their correct pin before a transaction is
declined? correct answers Three
Is it true that discretionary expenses should be shown in a cash flow forecast? correct answers
Yes it is!
National savings & investments (NS&I) products are guaranteed by..... correct answers HM
treasury
What body has an objective to promote the safety and soundness of financial providers? correct
answers The prudential regulation authority (PRA)
Who does the financial conduct authority report directly to? correct answers HM treasury
Score Secured.
What customers will directly benefit of interest rates rise? correct answers People with a variable
rate cash isa
The financial services (banking reform) bill includes the concept of ring fencing. For a bank this
means: correct answers Separating everyday banking activities from investment banking
activities
What do u have to provide to a bank for proof of address when opening a bank account? correct
answers A water bill issued two months ago
The consumer credit act provides protection for goods and services paid for with a credit card, up
to a maximum value of.... correct answers £30,000
How many attempts does a debit card holder have to enter their correct pin before a transaction is
declined? correct answers Three
Is it true that discretionary expenses should be shown in a cash flow forecast? correct answers
Yes it is!
National savings & investments (NS&I) products are guaranteed by..... correct answers HM
treasury
What body has an objective to promote the safety and soundness of financial providers? correct
answers The prudential regulation authority (PRA)
Who does the financial conduct authority report directly to? correct answers HM treasury
