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2.5 The role of money and financial markets

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Question 23

The Government's target for CPI inflation is 2.0% a year. The table shows the UK's CPI inflation rate over three quarters.

QuarterCPI inflation rate (%)
12.2
22.6
33.1

Name the organisation that sets the UK's official interest rate and, using the data, explain the change it is likely to make to this rate.

[3]
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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