Taking on debt that would always be impossible to repay

What is the role of auditors?

Check the accuracy of published accounts

What is globalisation?

A process of increasing international networking

What did the Banking Act 2009 do?

Brought in stricter regulations

Barclays has a diversity and inclusion strategy which has 5 pillars, what are the 5 pillars?

Gender, LGBT, disability, multigenerational, multicultural

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DipFS Unit 3 Topic 6 2022

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From the LIBF DipFS course unit 3 topic 6

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Questions 22

Answers

1
What is toxic debt?
Taking on debt that would always be impossible to repay
Debt from a payday lender
Taking on someone's debt with the hope of making money
Debt over £100,000
2
Look at the case studies quiz for more on global economies
No
Yes
3
What is the role of auditors?
Check the accuracy of published accounts
Check all laws are being followed within a business
Regulate the financial markets
Report to the shareholders
4
Who sets the Bank Rate?
The Bank of England
The Financial Conduct Authority
The Monetary Policy Committee
The Prudential Regulation Authority
5
GDP per capita is often used to measure what?
Living standards
Health in a nation
Population density
Average income
6
What is globalisation?
A process of moving production to another business
A process of moving manufacturing to another country
A process of increasing international networking
The global accessibility of the internet
7
How many member nations does the WTO have?
176
164
152
167
8
Consumers have become more demanding. Select the answer that has helped cause this.
Providers can now recommend products
Comparison sites
A consumer society
Increased discretionary income
9
Providers have begun to take advantage of an ageing population. For example, what does Saga do?
Focuses on only over 60s
Focuses on only over 50s
Provide free vaccinations
Focuses on those that are retired
10
Which organisation protects consumers if banks fail?
PRA
FOS
FCA
FSCS
11
How many member states does the EU have (as of Nov 2022)?
25
28
26
27
12
HSBC is now in how many countries around the world?
65
95
85
75
13
Diversification has become more common, which insurance company has moved from farming only?
Admiral
NFU Mutual
Direct Line
Aviva
14
Would an increase in interest rates decrease or increase spending in the UK?
Decrease
Increase
15
What are the BRICS and MINT nations?
A group of the least-developed countries
A group of developed nations
A group of communist nations
A group of emerging economies
16
When was the last economic boom in the UK?
1980 - 2003
1970 - 1995
1980 - 2004
1990 - 2007
17
What did the Banking Act 2009 do?
Established the concept of a bank rate
Created the Bank of England
Brought in stricter regulations
Change the financial markets
18
What is the role of the International Accounting Standards (IASs)?
Standardise rules
Stabilise the international financial markets
Ensure banks can operate internationally
Ensure safe banking regulation around the world
19
What did cutting the interest rate to 0.25% do for spending in the UK?
Encourage spending
Discourage spending
20
Is the finance industry a major importer or exporter in Britain?
Exporter
Importer
21
What is the role of directors?
Report to the shareholders
Check the accuracy of published accounts
Regulate the financial markets
Check all laws are being followed within a business
22
Barclays has a diversity and inclusion strategy which has 5 pillars, what are the 5 pillars?
Gender, LGBT, disability, multigenerational, multicultural
Gender, regional, inclusion, ethnicity, disability
Literacy, financial knowledge, home ownership, gender, race
Financial literacy, gender, age, sexuality, race

DipFS Unit 3 Topic 6 2022 Flashcards | StudBud