Skip to content

Course home

Sign up

3.6 Monetary policy

EasyMediumHard
123456789101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354555657585960616263646566676869707172737475767778798081828384858687888990919293949596979899
Question 14

Many households buy washing machines and fridges on credit. These appliances are made in local factories. The central bank cuts its interest rate, and lenders lower the rates they charge on this credit. What is the most likely short-run effect on the local appliance factories?

[1]
A

Appliance sales fall and the factories hire more workers

B

Appliance sales rise and the factories hire fewer workers

C

Appliance sales rise and the factories hire more workers

D

Appliance sales fall and the factories hire fewer workers

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.

Question bank