This class was created by Brainscape user Kianna Patel. Visit their profile to learn more about the creator.

Decks in this class (12)

Topic 1 - Purposes Of Money
What is barter 1,
The problems w bartering 2,
Problem w items w intrinsic values 3
8  cards
Topic 2 - Personal Life Cycle
What changes as you go through di...,
What are needs wants and aspirati...,
What factors affect life events 3
12  cards
Topic 3 - Payment Methods
Advantages of cash 1,
Disadvantages of cash 2,
How does online banking help acco...
18  cards
Topic 4 - Everyday Banking
What is a current account used for 1,
Types of current accounts 2,
What are basic bank accounts 3
13  cards
Topic 5 - Savings
What are reasons for saving 1,
Key consideration when choosing a...,
Return on savings 3
10  cards
Topic 6 - Borrowing Products
Ways of borrowing 1,
Why do ppl borrow money 2,
Considerations before borrowing 3
31  cards
Topic 7 - Providers
Purpose of providers 1,
How are recent financial service ...,
Types of financial services provi...
45  cards
Topic 8 - Consumer Protection
Organisations that provide consum...,
What is the credit crunch 2,
What are the causes of the credit...
22  cards
Topic 9 - Budgets + Forecasts
What are the main tools ppl use t...,
What is a budget 2,
How does budgeting enable ppl to ...
22  cards
Topic 10 - Dealing With Unexpected Events
Eg of unexpected events w pos imp...,
Eg of unexpected events w neg imp...,
What are insurance policies 3
32  cards
Topic 11 - Dealing With Debt
Why do ppl fall into debt 1,
Actions ppl can consider when dea...,
Advisory organisations who may gi...
35  cards
Topic 12 - Earnings
What must everyone who works pay 1,
What does income tax ni contribut...,
What does nmw stand for 3
23  cards

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LIBF Unit 1

  • Class purpose General learning

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