What is globalisation?

A process of increasing international networking

What is the role of auditors?

Check the accuracy of published accounts

Taking on someone's debt with the hope of making money

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, lesbian, gay, bisexual, transgender

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DipFS Unit 3 Topic 6

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From the LIBF DipFS course unit 3 topic 6

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Questions 22

Answers

1
Consumers have become more demanding. Select the answer that has helped cause this.
Comparison sites
A consumer society
Providers can now recommend products
Increased discretionary income
2
What are the BRIICS nations (more commonly BRIC)?
A group of communist nations
A group of emerging economies
A group of the least-developed countries
A group of developed nations
3
What is globalisation?
The global accessibility of the internet
A process of increasing international networking
A process of moving production to another business
A process of moving manufacturing to another country
4
GDP per capita is often used to measure what?
Living standards
Average income
Health in a nation
Population density
5
What is the role of auditors?
Regulate the financial markets
Check the accuracy of published accounts
Report to the shareholders
Check all laws are being followed within a business
6
Look at the case studies quiz for more on global economies
No
Yes
7
HSBC is now in how many countries around the world?
110
80
100
90
8
How many member nations does the WTO have?
152
161
176
167
9
What is the role of the International Accounting Standards (IASs)?
Stabilise the international financial markets
Standardise rules
Ensure safe banking regulation around the world
Ensure banks can operate internationally
10
When was the last economic boom in the UK?
1970 - 1995
1980 - 2003
1980 - 2004
1990 - 2007
11
What is toxic debt?
Taking on someone's debt with the hope of making money
Debt from a payday lender
Taking on debt that would always be impossible to repay
Debt over £100,000
12
How many member states does the EU have (as of Jan 2018)?
28
25
26
27
13
Who sets the Bank Rate?
The Financial Conduct Authority
The Bank of England
The Monetary Policy Committee
The Prudential Regulation Authority
14
What did the Banking Act 2009 do?
Established the concept of a bank rate
Brought in stricter regulations
Change the financial markets
Created the Bank of England
15
Would an increase in interest rates decrease or increase spending in the UK?
Decrease
Increase
16
Providers have begun to take advantage of an ageing population. For example, what does Saga do?
Focuses on only over 50s
Focuses on those that are retired
Provide free vaccinations
Focuses on only over 60s
17
What did cutting the interest rate to 0.25% do for spending in the UK?
Encourage spending
Discourage spending
18
What is the role of directors?
Regulate the financial markets
Report to the shareholders
Check the accuracy of published accounts
Check all laws are being followed within a business
19
Which organisation protects consumers if banks fail?
FSCS
FOS
FCA
PRA
20
Diversification has become more common, which insurance company has moved from farming only?
Admiral
Direct Line
Aviva
NFU Mutual
21
Is the finance industry a major importer or exporter in Britain?
Importer
Exporter
22
Barclays has a diversity and inclusion strategy which has 5 pillars, what are the 5 pillars?
Lesbian, gay, bisexual, transgender, non-binary
Gender, lesbian, gay, bisexual, transgender
Financial literacy, gender, age, sexuality, race
Literacy, financial knowledge, home ownership, gender, race

DipFS Unit 3 Topic 6 Flashcards | StudBud