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2.1 Introduction to the national economy

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Question 4

Which factor is most likely to cause a lender to charge a higher interest rate on a loan?

[1]
A

The borrower has a longer history of reliable repayment

B

The borrower has a lower amount to repay

C

The borrower offers a more valuable asset as security

D

The borrower presents a greater risk of non-repayment

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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