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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 4

A saver has £6,000 in an account. The annual interest rate rises from 2.5% to 4%. Ignoring compounding, how much additional interest is earned in one year?

[1]
A

£90

B

£150

C

£240

D

£390

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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