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3.6 Monetary policy

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Question 13

A wildlife charity is choosing between two accounts for a £30,000 reserve. Account A pays 2.5% per year and Account B pays 4% per year. If the reserve remains in the account for one year, how much more interest would Account B provide than Account A?

[1]
A

£1,200

B

£1,950

C

£450

D

£750

Markscheme

3.6 Monetary policy Questions

  1. GCSE
  2. /Economics
  3. /3.6 Monetary policy

116 exam-style questions on OCR GCSE Economics 3.6 Monetary policy, covering 3.6.1 What is monetary policy, 3.6.2 Monetary policy and macro objectives, and 3.6.3 Effects of monetary policy. Each one has a worked solution and a mark scheme showing where the marks go.

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