A ceramic artist wants apples from an orchard owner. The orchard owner does not want any ceramics but accepts immediate payments in pounds.
Which event allows the ceramic artist to obtain the apples without arranging a barter exchange?
The artist leaves money from earlier sales in an account so it can be spent the following year.
The artist lists the prices of a vase and the apples in pounds before comparing their values.
The artist agrees that a loan used for the studio will be repaid in pounds the following year.
The artist sells a vase to another customer and uses the money received to pay for the apples.
82 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.