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2.8 The role of money and financial markets

2.8 The role of money and financial markets

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Question 6

A florist needs £2,000 for three weeks to pay suppliers before receiving money from wedding customers. The florist expects to repay the amount as soon as customers pay.

Explain why an overdraft may be suitable for the florist.

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Markscheme

2.8 The role of money and financial markets Questions

  1. GCSE
  2. /Economics
  3. /2.8 The role of money and financial markets

30 exam-style questions on OCR GCSE Economics 2.8 The role of money and financial markets, covering 2.8.1 Money as a medium of exchange, 2.8.2 Role of the financial sector, 2.8.3 Importance of the financial sector, 2.8.4 Interest rates and saving, borrowing, investment, and 2.8.5 Effect of interest rate changes. Each one has a worked solution and a mark scheme showing where the marks go.

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