Unit 1 SPEC A

A key feature of money is that all coins/notes of a certain denomination need to be homogenous

In 2020, the state pension age for men and women will be:

At which of the following key stages of the personal life cycle is a person aged 18-25 years?

The life expectancy of a girl born in 2010 is 83

For money to function as intended, it needs to be:

A key feature of an ISA is that:

Which of the following applies to pre-pay cards?

Building societies are mutual organisations so owned by their:

Which of these payments cannot be made using a contactless card?

Which of the following borrowing requires the amount borrowed to be repaid in full every month?

An administration order applies to those who have less than the following unsecured debt

The middle age stage of the personal life cycle is generally described as being 26-40 years old

A debt relief order enables a person to write off their debts after what max time?

National Savings & Investment savings products are popular because the money saved is:

Who is responsible for ensuring that financial providers benefit the consumers?

Someone with a poor credit history can:

Where are banknotes issued in Northern Ireland legal tender?

Which of the following is usually the most expensive form of borrowing in terms of interest?

The FCA reports directly to

Which of the following best describes a packaged current account?

Which of the following is usually a feature of a personal loan?

In a cash flow forecast, which of the following is mandatory?

Demutualisation describes the process of:

Citizens advice charges for the advice it provides on debt management?

Which is most likely to be affected by external influences during middle to late-middle age?

According to the Working Time regulations, an employee cannot be required to work longer than:

Which is an external factor that will significantly affect an individual's position?

Under normal circumstances, the FSCS protects the savings of an individual up to?

British bank notes have a promise on them. This promise is signed by the:

Bob earns £52k p/a. He pays NI of 12% on earnings between £155-£827 per week & 2% on any earnings over £827p/w. He pays:

The interest rate quoted on a savings account is indicated by which of the following?

Which of the following is a function of money?

Since 1 April 2020, the national minimum wage in the UK for employees aged 21 to 24 is an hourly rate of?

Which of the following is usually a feature of a savings bond?

To open a new account, you have to supply proof of address and identity, why?