Skip to content

Course home

Sign up

2.1 Introduction to the national economy

EasyMediumHard
12345678910111213141516171819202122232425262728293031323334353637383940414243444546474849505152
Question 4

A homeowner's monthly mortgage repayment increases immediately after market interest rates rise. The amount borrowed and the repayment term have not changed. Which statement is most likely to be correct?

[1]
A

The mortgage has a fixed rate and the rate charged on it has risen

B

The mortgage has a variable rate and the rate charged on it is unchanged

C

The mortgage has a variable rate and the rate charged on it has risen

D

The mortgage has a fixed rate and the rate charged on it is unchanged

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