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2.8 The role of money and financial markets

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Question 1

Maya's bank cuts the interest rate on her £24,000 savings account from 4.25% to 3% a year. She makes no deposits or withdrawals. How much less interest will she receive over one year?

[1]
A

£25

B

£300

C

£3,000

D

£24,300

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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