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2.8 The role of money and financial markets

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Question 28

What is the most likely effect of a rise in interest rates on a household with a variable-rate loan?

[1]
A

Its interest payments fall

B

Its outstanding debt is automatically cancelled

C

Its saving earns a lower return

D

Its interest payments rise

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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