This class was created by Brainscape user Diya Kanani.

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Decks in this class (13)

Topic 1 - Purposes of money
Define money 1,
What are the different forms of m...,
What are the different purposes o...
25  cards
Topic 3 - Payment Methods
What is cash used for 1,
4 advantages of using cash in tra...,
Why is budgeting an advantage of ...
31  cards
Topic 2 - The Personal Life Cycle
What is a personal life cycle 1,
What are the 7 different stages o...,
What could change as you go throu...
14  cards
Topic 4 - Everyday Banking
What makes a good current account 1,
Where can you buy a current accou...,
What do all current accounts do 3
24  cards
Topic 5 - Saving Products
Why do people save 1,
What are savings 2,
What could delayed spendings be f...
34  cards
Topic 6 - Borrowing Products
What are the 4 different ways of ...,
Why do people borrow money 2,
What is the cost of borrowing 3
50  cards
Topic 7 - Providers
Give examples of providers of fin...,
What is a bank 2,
What is retail banking 3
42  cards
Topic 8 - Consumer Protection
What are the 4 organisations that...,
What were causes of the credit cr...,
What are investment operations 3
34  cards
Topic 9- Budgets And Forcasts
What are the main tools people us...,
What is a budget 2,
Why do people draw up a budget 4 3
42  cards
Topic 10 - Dealing With Unexpected Events
What financial product is designe...,
What are the four different types...,
What are examples of general insu...
37  cards
Topic 11 - Dealing With Debt
What are 3 reasons people fall in...,
What are 4 things people should d...,
What are 4 advisory organisations...
40  cards
Topic 12 - Earnings
Who pays income tax or national i...,
What happens with taxes or ni 2,
Definition of national minimum wa...
42  cards
Case Study - Vea
What are her living circumstances 1,
What is her career 2,
How does work effect vea s living...
16  cards

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LIBF Unit 1

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