Consumer protection
What Consumer protection means in Economics A-Level, as defined for AQA.
Definitions of Consumer protection
Exam boards and our study guides word this term in slightly different ways. Learn the version your board uses.
Check what you remember
Read the wording for your board, then hide it and explain Consumer protection in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
The role of the Financial Conduct Authority in protecting consumers from mis-selling or market abuse while promoting healthy competition.
The function of promoting healthy competition and preventing market abuse or mis-selling, carried out to protect consumers.
Topics that use Consumer protection
- The regulation of the financial system (AQA A-Level)
Related terms
- Bank run
- Capital ratio
- Financial stability
- Insolvency
- Liquidity ratio
- Macro-prudential policy
- Macroprudential regulation
- Maturity transformation
Using Consumer protection in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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