TAF Unit 3

The definition of SME is

• Social and Moral Effort

• Small and Medium-Sized Enterprises

• Sound Money Effort

• Substantial Money Exchange

Select a service in the financial service sector

• Logistics

• Accounting

• Pensions

• Retail Banking

Retail Banking-

• Involves holding money for shops

• Only applies to people working in management

• Can only be taken by businesses

• Offer current accounts to individuals

Which of the following is not considered an investment

• Gold

• Foreign Exchange

• Bonds

• Vehicles

What does IFA stand for?

(a)  

Which is more expensive, term assurance or whole life assurance?

• Term Assurance

• Whole Life Assurance

Which home insurance do mortgage lenders insist on?

• Buildings Insurance

• Contents Insurance

Which motor insurance covers damage to another driver's car or injuries to another driver only

• Third Party

• Third Party, Fire and Theft

• Comprehensive

• Encompass

Business Banking supports SMEs with their financial needs. True or false?

• True

• False

The FSS that helps individuals to manage their stocks and shares is

• Retail Banking

• Funds and Investments

• Insurance

• Corporate Banking