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2.8 The role of money and financial markets

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Question 27

A furniture manufacturer needs to borrow £15,000 to buy new equipment. Offer A charges 6.4% annual simple interest and Offer B charges 5.2% annual simple interest. The loan will be repaid after 18 months.

Calculate how much less interest the manufacturer would pay with Offer B than with Offer A over the 18 months.

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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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