DIPFS UNIT 3 TOPIC 6 GLOBALISATION
QUESTIONS WITH VERIFIED ANSWERS [
GRADED A+]
Bank Liquidity - ✔️✔️The amount of cash banks are required to hold in
relation to the amount they have in customer deposits.
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.
Commodity - ✔️✔️Goods that share the same characteristics wherever they
are produced and
whoever produces them - unlike a manufactured product, where different
©morren2025/2026.Year published 2026.
, manufacturers can add specific features. Examples include raw materials
such
as iron ore, gold and silver, or agricultural produce such as wheat and rice.
Coronavirus - ✔️✔️known as Covid-19, is a respiratory illness that causes
mild to moderate symptoms in a majority of cases but proves debilitating or
fatal for a significant minority. It caused a global pandemic with wide-
ranging
economic effects.
Corporate bond - ✔️✔️A product that companies can use to borrow money
over periods of five years
or more. The company offers a number of bonds for sale; buyers can then
sell
the bonds on to other investors if they wish. A key difference between
bonds
and shares is that bondholders do not own a share in the company.
©morren2025/2026.Year published 2026.
QUESTIONS WITH VERIFIED ANSWERS [
GRADED A+]
Bank Liquidity - ✔️✔️The amount of cash banks are required to hold in
relation to the amount they have in customer deposits.
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.
Commodity - ✔️✔️Goods that share the same characteristics wherever they
are produced and
whoever produces them - unlike a manufactured product, where different
©morren2025/2026.Year published 2026.
, manufacturers can add specific features. Examples include raw materials
such
as iron ore, gold and silver, or agricultural produce such as wheat and rice.
Coronavirus - ✔️✔️known as Covid-19, is a respiratory illness that causes
mild to moderate symptoms in a majority of cases but proves debilitating or
fatal for a significant minority. It caused a global pandemic with wide-
ranging
economic effects.
Corporate bond - ✔️✔️A product that companies can use to borrow money
over periods of five years
or more. The company offers a number of bonds for sale; buyers can then
sell
the bonds on to other investors if they wish. A key difference between
bonds
and shares is that bondholders do not own a share in the company.
©morren2025/2026.Year published 2026.
