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3.6 Monetary policy

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Question 44

Following a Bank Rate decision, a bank lowers the interest rate it charges on a florist's variable-rate business loan.

Which statement about the Bank Rate decision and the interest rate the bank pays on its easy-access savings accounts is most likely to be correct?

[1]
A

Bank Rate was raised, and the interest rate paid on easy-access savings falls

B

Bank Rate was raised, and the interest rate paid on easy-access savings rises

C

Bank Rate was cut, and the interest rate paid on easy-access savings rises

D

Bank Rate was cut, and the interest rate paid on easy-access savings falls

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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