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The financial sector

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Question 6

Which of the following is included in the definition of broad money but is excluded from narrow money?

A

Sterling time deposits held by the non-bank private sector

B

Banknotes and coins in circulation with the general public

C

Operational reserves held by commercial banks at the central bank

D

Foreign currency reserves held by the central government

Markscheme

The financial sector Questions

  1. A Level
  2. /Economics
  3. /The financial sector

18 exam-style questions on OCR A Level Economics The financial sector. Each one has a worked solution and a mark scheme showing where the marks go.

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