Interest rates rise from 3% to 5%. Which household is most likely to lose directly?
A household with a large variable-rate loan and little savings
A household with no debt and substantial interest-bearing savings
A household whose fixed-rate mortgage payment cannot change
A household holding assets whose return is unrelated to interest rates
29 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.