A saver wants easy access to money, a competitive return and an institution owned by its members. A business instead needs a large loan for machinery. Which conclusion is best supported?
A building society may suit the saver, while a commercial bank may finance the business
A commercial bank can meet neither need because it serves only the government
The Bank of England should open both customers' personal accounts
The same institution must be best for both because all financial institutions have identical roles
27 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.