LIBF multiple choice unit 4

A bank - Answer- Which of the following is an example of a large public limited company? HM Treasury - Answer- The government department that has overall responsibility for financial stability in the UK is: provide services to individuals and to small and medium-sized businesses - Answer- Retail banks: individual insurance companies and Lloyd's insurance market - Answer- The providers of insurance can be subdivided into two main categories: support the government's economic policy - Answer- An objective of the Financial Policy Committee is to: W - Answer- An example of a payday loan company is: True - Answer- UK Financial Investments (UKFI) was set up to manage the shareholdings of banks rescued by the government true or false ? True - Answer- People who lend money to intermediaries and borrow from them are known as counterparties: true or false ? customers no longer have to shop around - Answer- A benefit of effective competition is that: be an independent voice for consumers of financial services - Answer- The Financial Services Consumer Panel aims to: 7 days - Answer- The Current Account Switch Service enables clients to switch their current account provider in just: False - Answer- Competition is always good for the consumer true or false ? resolution - Answer- The procedure that takes place when a bank is in trouble is known as bank: environmental, social and economic - Answer- The three pillars of sustainability are: temporary public ownership - Answer- When the government purchased the failed banks in 2007/8, the banks were placed in: