Skip to content

Course home

Sign up

2.1 Introduction to the national economy

EasyMediumHard
12345678910111213141516171819202122232425262728293031323334353637383940414243444546474849505152
Question 47

A borrower has a fixed-rate loan, while another borrower has a variable-rate loan. Market interest rates rise. Which statement is most likely to be correct immediately after the rise?

[1]
A

Both borrowers' repayments increase

B

Neither borrower's repayments can ever change

C

Only the fixed-rate borrower's repayments increase

D

Only the variable-rate borrower's repayments increase

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.

Question bank