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3.6 Monetary policy

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Question 43

A household plans to fund a loft conversion with a new bank loan. Before the household applies for the loan, Bank Rate rises from 2.75% to 4.25%.

Explain how this change in Bank Rate may affect the household's plan to use a bank loan.

[2]
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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