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2.1 Introduction to the national economy

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Question 2

An interest rate is best described as the

[1]
A

amount of money deposited in a savings account

B

cash price of a product before indirect tax

C

percentage cost of borrowing or reward for saving

D

total value of a loan including repayments

Markscheme

2.1 Introduction to the national economy Questions

  1. GCSE
  2. /Economics
  3. /2.1 Introduction to the national economy

75 exam-style questions on AQA GCSE Economics 2.1 Introduction to the national economy, covering 2.1.1a What an interest rate is, 2.1.1b Interest rates and consumer decisions, 2.1.1c Interest rates, producer decisions and calculations, 2.1.2a UK government revenue and spending, and 2.1.2b Direct, indirect and progressive taxation. Each one has a worked solution and a mark scheme showing where the marks go.

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