Unit 4 Topic 2

who regulates credit unions

• PPA
• FCA
• PRA
• Pluto

Which of the following has the largest amount of influence in the retail banking sector?

• Commercial banks
• Small to medium-sized enterprises
• Customers
• Building societies

A benefit of effective competition is that:

• customers will always get the best deal from their bank
• customers no longer have to shop around
• customers have more choice
• BOSH!!!!!!!!!!!!!!!

Which bank has the largest market share of personal current accounts?

• Santander
• Barclays
• Halifax
• Nationwide

Retail banks:

• provide services to individuals and to small and medium-sized businesses
• do not accept deposits but they raise funds on the financial markets
• use their funds to provide special services to large corporations and to governments

An independent financial adviser is permitted to sell the products of:

• any provider
• a single provider
• a limited number of providers

What is the CMA responsible for?

• Investigating mergers that could restrict competition
• Conducting market studies and investigations where there may be competition and consumer problems
• bringing criminal proceedings against businesses and individuals who take part in anti-competitive behaviour
• All of the above