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Cambridge IGCSE Economics practice

Paper 2 structured question: Money and banking

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Attempt questionMoney and banking revisionRevise the key idea

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1

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Money and banking

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Paper 2Structured Questions1 marks

The role of banks in the economy is crucial for financial stability and growth.

Description

Functions of Banks

Central banks manage monetary policy and oversee commercial banks. Commercial banks provide loans and accept deposits from the public.

  1. a

    State one function of a central bank.

    Aim for approximately 1 distinct marking point.

    [1]

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Paper 2 structured question: Money and banking

Paper 2Structured Questions4 marks

Description

Importance of Banks

Central banks ensure financial stability, while commercial banks provide essential services to consumers and businesses.

  1. a

    Explain the significance of commercial banks for consumers.

    Aim for approximately 4 distinct marking points.

    [4]