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2.8 The role of money and financial markets

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Question 20

Rosa runs a florist's shop and has just opened a business account with a high street bank.

Which of these is Rosa's bank most likely to do?

[1]
A

Move her customers' card payments into her business account

B

Lend to other banks that run short of cash and cannot borrow elsewhere

C

Set Bank Rate, which guides interest rates across the economy

D

Pay for fire damage to her shop in return for a yearly premium

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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