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2.5 The role of money and financial markets

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Question 22

A furniture maker uses pounds in several parts of its business.

Which use of pounds by the furniture maker shows money acting as a means of deferred payment?

[1]
A

Keeping sales income in pounds to buy tools next year

B

Agreeing to repay a loan in pounds over two years

C

Using pounds to pay a timber supplier on delivery

D

Comparing timber quotations that are stated in pounds

Markscheme

2.5 The role of money and financial markets Questions

  1. GCSE
  2. /Economics
  3. /2.5 The role of money and financial markets

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.

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