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Finance FAQs

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faq Were you happy with the grades you achieved at A-level?

Chartered Accountancy firms put a lot of weight on A-level grades as these have been found to be the best predictors of success in professional examinations.

If your A levels were not outstanding, this may sometimes depend more on the q......
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faq Why did you choose the A-levels you did?

The A-level subjects you chose are largely irrelevant, so answer this question honestly, although A levels which demand numeracy, analytical skills and communication skills may help.

If you have not done A levels, but entered university ......
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faq What is your greatest achievement and why?

Before your interview think through everything you have done in the last five years and try to find at least one example which fits each of these situations.

Don't worry if your examples are not earth-shattering, as long as they gi......
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faq What are the advantages and disadvantages of both a fixed exchange rate regime and a flexible exchange rate regime?

There are two ways the price of a currency can be determined against another. A fixed, or pegged, rate is a rate the government (central bank) sets and maintains as the official exchange rate. A set price will be determined against a major world c......
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faq What are financial centers?

Banks and brokerage firms are considered financial centers ......
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faq What is the difference between an economic luxury and an economic necessity?

An economic luxury is wasting land on pools huge garden, etc. An economic necessity is what you need a certain amount of space (houses) to make something very necessary (to live in) ......
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faq What is the incidence of tax?

Well tax incidence refers to who actually pays the tax.

Tax incidence can be divided into-

1. Formal incidence: the party liable to the tax

2. Informal incidence: party, who actually pays the tax

The tax in......
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faq Is it true that government revenues are increased because of lower tax rates?

It is true to a point. The Laffer curve shows that revenues increase as the tax rates rise (0 tax rate = 0 revenue) up to a point, but the increase slows as the rate rises higher and at some point total revenue begins to decline. If your increment......
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faq What is inflation and how is it measured?

Inflation means an overall increase in the prices of goods and services. It is a decrease in the value of a currency. There are three types of measurement, Core Inflation, CPI, and WPI. Core Inflation is a measurement of non-volatile goods such as......
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faq How is education an investment in human capital?

Well, the idea of humans as capital means that humans have a certain worth to a company (or society). Education increases that worth, making individuals more able to contribute to a company (or to society). Therefore, investing in Education... in ......
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