At Riverside Theatre, a customer uses a debit card to buy a ticket. Later, the theatre sends payment to a performer by online transfer. The theatre keeps its takings in an account with a high street bank. What two roles of the high street bank are shown here?
Issuing currency and acting as the government's bank
Acting as the government's bank and operating the payments system
Taking deposits and setting Bank Rate
Accepting deposits and operating the payments system
60 exam-style questions on AQA GCSE Economics 2.5 The role of money and financial markets, covering 2.5.1a Functions of money, 2.5.1b Definition of money, 2.5.2a Agents in the financial sector, 2.5.2b The role of the Bank of England, and 2.5.2c The role of high street banks. Each one has a worked solution and a mark scheme showing where the marks go.