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2.8 The role of money and financial markets

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Question 12

A catering firm opens a business account with a commercial bank.

Which service would the commercial bank normally provide for the firm?

[1]
A

Paying the firm a share of its surplus because account holders own the bank

B

Arranging direct debits so the firm's regular bills are paid automatically

C

Lending to the firm as lender of last resort when no other lender will

D

Keeping the firm's deposits unused in its vault until the firm withdraws them

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

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.

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