the method by which state benefits are paid directly into a bank account
automatic credit transfer
1 of 31
Where a computer takes over a task previously carried out by a
person
automation
2 of 31
The interest rate that the Bank of England uses when it lends money to other banks
bank rate
3 of 31
Being paid in cash, rather than money being paid directly into a
person’s bank account
cash in hand
4 of 31
The body responsible for strengthening business competition and
preventing and reducing anti-competitive activities
CMA
5 of 31
Where the buying and selling of goods and services is the most
important social and economic activity
consumer culture
6 of 31
The amount individuals are spending on the goods and services they
are consuming, funded by their incomes, savings and borrowings
consumer demand
7 of 31
A plan to deal with unexpected changes in income or expenditure
contingency plan
8 of 31
The amount businesses are spending on the goods and services they are consuming
corporate demand
9 of 31
Statistical data relating to population
demographics
10 of 31
A deliberate reduction in the value of a currency in relation to other currencies
devaluation
11 of 31
economic inequality caused by a lack of access to, use of, or
knowledge of internet technology
digital divide
12 of 31
A legislative act of the European Union, which requires member
states to achieve a particular result without dictating the means of
achieving that result
EU directive
13 of 31
A legislative act of the European Union that becomes immediately
enforceable as law in all member states simultaneously
EU regulation
14 of 31
An economic and political union of 27 member states that the UK
formally left on 31 January 2020
European union
15 of 31
Goods and services produced in one country and sold to another
exports
16 of 31
The inability to get access to even the most basic financial services products and services
finanical exclusion
17 of 31
The delivery of financial services at affordable cost to disadvantaged segments of society
financial inclusion
18 of 31
A key Act of Parliament governing the regulation of the financial
services industry
financial services act 2012
19 of 31
How the government manages the amount of money it raises in
taxation, the amount it borrows on the financial markets, and the
overall amount it spends
fiscal policy
20 of 31
Where the value of a currency is determined by the supply of and
demand for that currency
floating exchange rate
21 of 31
The older section of the population
grey culture
22 of 31
The buying and selling of residential property
housing market
23 of 31
A situation in which consumers are not fully informed about a
product
information failure
24 of 31
The manipulation of interest rates to maintain low inflation
monetary policy
25 of 31
Taking account of the different cultural needs and expectations of
the various ethnic groups that make up society
multiculturalism
26 of 31
Those who own their own property outright or have a mortgage
on it
owner occupiers
27 of 31
Ensuring all individuals and groups in society have access to certain rights
social inclusion
28 of 31
Lending to and borrowing by consumers with untested or poor credit histories
sub prime market
29 of 31
An organisation that will investigate individual cases of bad practice on behalf of consumers and take steps to resolve the problem
trading standards
30 of 31
The term used to describe the values, attitudes and interests shared by people in their teens and early 20s
youth culture
31 of 31
Other cards in this set
Card 2
Front
Where a computer takes over a task previously carried out by a
person
Back
automation
Card 3
Front
The interest rate that the Bank of England uses when it lends money to other banks
Back
Card 4
Front
Being paid in cash, rather than money being paid directly into a
person’s bank account
Back
Card 5
Front
The body responsible for strengthening business competition and
preventing and reducing anti-competitive activities
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