Barclays and Santander announce cuts to UK mortgage rates
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Barclays and Santander announce cuts to UK mortgage rates
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Explain what is meant by a mortgage
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Distinguish between a fixed-rate mortgage and a variable-rate mortgage
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Identify two reasons why some of the cheapest mortgage deals are available to those with significant deposits
“The changes follow rate cuts announced last week by HSBC, Halifax and Leeds Building Society across their residential lettings”.
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Define oligopoly
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Identify the key characteristics of an oligopoly
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Draw and explain the kinked-demand curve
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Evaluate whether the banking industry is an oligopoly
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