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WorksheetsOCR GCSE Economics - 2.8 - Role of Money & Financial Markets
Total questions: 10
Worksheet time: 5mins
What is the purpose of credit cards?
To let you buy goods whether you have the money or not
To only let you buy goods/services if you have the money
To give you discounts on goods/services
To allow you to borrow money from the bank
The purpose of debit cards is?
To allow you to buy goods with only the money in your account
To allow you to buy goods with the banks money
To let you buy things online
To buy goods and services
Anything that sets the standard of value of goods and services acceptable to all parties involved in a transaction is called?
The medium of economy
The medium of change
The medium of exchange
Money
Which of the following is the central bank in the UK?
Barclays
The Bank of Scotland
The Bank of England
HSBC
Which one of the following is responsible for issuing bank notes?
Building societies
Central bank
Commercial bank
Insurance companies
Which of the following is responsible for guaranteeing compensation for a specific loss or damage?
Building societies
Central bank
Commercial bank
Insurance companies
Which one of the following has members rather than customers?
Building societies
Central bank
Commercial bank
Insurance companies
Lower interest rates encourage...
Savers to save more
Borrowers to borrow more
Higher interest rates encourage...
Savers to save more
Borrowers to borrow more
High interest rates encourage businesses to invest more...
True
False
