A bakery insures its delivery van against theft. The van is used to deliver orders to customers.
| Financial information | Amount |
|---|---|
| Cost of a replacement van | £36,000 |
| Bakery's available cash reserves | £9,000 |
Using the data, explain how the insurance could affect the bakery if the van is stolen.
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.