plumiThe role of money and financial markets: OCR GCSE Economics questions
Every OCR GCSE Economics exam question on 2.8 The role of money and financial markets, 2021–2025, with its mark scheme and examiner’s report.
Paper
All papers
Exam
All years
Calculations
- Your answer
Q21(b)
The whole paper ↗0 wordsQ21(c)
The whole paper ↗0 wordsQ21(d)(i)
The whole paper ↗0 words- Your answer
- Your answer
- Your answer
Q23(d)(i)
The whole paper ↗0 words- Your answer
- Your answer
Q22(d)(ii)
The whole paper ↗0 wordsQ22(d)(i)
The whole paper ↗0 wordsQ22(d)(ii)
The whole paper ↗0 wordsQ22(d)(iii)
The whole paper ↗0 words- Your answer
- Your answer
- Your answer
Q23(a)
The whole paper ↗0 wordsQ23(b)
The whole paper ↗0 wordsQ23(d)(i)
The whole paper ↗0 words
All 28 questions on The role of money and financial markets, as a list
- June 2025, Paper 1, Q15 (1 mark): What would an economist consider to be the best example of money? A A cheque B A credit card C A fifty-pound note D A mobile phone pay app [1]
- June 2025, Paper 1, Q21(b) (2 marks): Letusprovide Ltd wants to borrow money from its bank. Explain one other way banks can help Letusprovide Ltd to grow. [2]
- June 2025, Paper 1, Q21(c) (6 marks): Analyse the effect of a reduction in interest rates on Letusprovide Ltd. [6]
- June 2025, Paper 1, Q21(d)(i) (2 marks): Calculate the saving that Letusprovide Ltd will make if it borrows £10 000 at a 5% rate of interest instead of 6%. Show your working. Answer = £ [2]
- June 2024, Paper 1, Q1 (1 mark): Money is widely accepted as a means of buying and selling products. In this situation, money is acting as a A factor of production B medium of exchange C source
- June 2024, Paper 1, Q9 (1 mark): The Bank of England has announced a large increase in the rate of interest. What is the most likely effect on consumers? A Additional spending B Decreased borro
- June 2024, Paper 1, Q20 (1 mark): A large firm wants to expand its output. It needs to borrow £100 000 for 10 years. Which financial institution is the firm most likely to go to for this loan? A
- June 2024, Paper 1, Q23(d)(i) (2 marks): Calculate how much interest per month Ben and Eve will be paying after the interest rate increases. Show your working. Answer = £ [2]
- June 2023, Paper 1, Q5 (1 mark): What is a function of the Bank of England? A Issuing bank notes B Making business loans C Offering savings accounts D Regulating the stock market [1]
- June 2023, Paper 1, Q20 (1 mark): The financial sector allows consumers and producers to manage imbalances between income and expenditure by A making loans and overdrafts available B providing s
- June 2023, Paper 1, Q22(d)(ii) (2 marks): Calculate the effect on the interest payment if Nina and Leo pay 3.5% interest instead of 2.5% on a £10 000 loan. Show your working. Answer = £ [2]
- June 2023, Paper 2, Q22(d)(i) (2 marks): State and briefly explain the impact of higher interest rates on firms’ investment expenditure. [2]
- June 2023, Paper 2, Q22(d)(ii) (2 marks): Explain how higher interest rates affect a household’s decision when deciding to buy a house. [2]
- June 2023, Paper 2, Q22(d)(iii) (6 marks): (iii)* Evaluate the impact of higher interest rates on UK households, other than those buying a house. Use the information given in Extract 2 and your own knowl
- June 2022, Paper 1, Q5 (1 mark): Age of driver Cost of insurance (£) 20 1302 30 756 40 662 50 534 The table shows the cost of insurance for a car, depending on the age of the driver. Which of t
- June 2022, Paper 1, Q10 (1 mark): Medium of exchange refers to anything that sets the A cost of goods and services acceptable to all parties in a transaction B payment of goods and services acce
- June 2022, Paper 1, Q11 (1 mark): When is a cut in the rate of interest most likely to lead to an increase in investment? A When consumer confidence is low B When firms do not expect an increase
- June 2022, Paper 1, Q23(a) (2 marks): State what is meant by ‘money’. [2]
- June 2022, Paper 1, Q23(b) (2 marks): Explain why people have a life insurance policy. [2]
- June 2022, Paper 1, Q23(d)(i) (2 marks): Tom has £6000 in another savings account with RNC Bank. Using the information in Extract 3 on page 16, calculate the increase in interest he would receive by mo
- June 2022, Paper 1, Q23(d)(ii) (2 marks): Explain why an overdraft facility might be useful for Tom. [2]
- June 2022, Paper 1, Q23(d)(iii) (6 marks): (iii)* Evaluate the importance of the financial sector for small producers, such as Tom. Use the information given in Extract 3 on page 16 and your own knowledg
- November 2021, Paper 1, Q7 (1 mark): Money is different from other assets because it A can be stored by banks B is convenient to carry C is generally acceptable as a medium of exchange D is made of
- November 2021, Paper 1, Q9 (1 mark): Alpha Company borrows £1000 at 5% interest for a year. How much will Alpha Company have to pay back at the end of the year? A £5 B £50 C £500 D £1050 [1]
- November 2021, Paper 1, Q12 (1 mark): If interest rates rise A consumers pay less for credit B firms can invest more cheaply C people will save less D the government pays more to fund its debt [1]
- November 2021, Paper 1, Q20 (1 mark): A company will need to use the services of different financial institutions. Which of the following financial institutions is the company most unlikely to use?
- November 2021, Paper 2, Q8 (1 mark): Under which of the following circumstances would it be best to be a lender? A The nominal rate of interest is 0 percent and the inflation rate is 0 percent B Th
- November 2021, Paper 2, Q20 (1 mark): Which pair of events is most likely to happen as a result of a rise in the rate of interest? A Asset prices fall and savings by households rise B Borrowing by f
Questions, mark schemes and examiner’s reports are © OCR, from their published past papers. Plumi isn’t affiliated with any exam board. Want whole papers? Full past papers.
Rather write your answers by hand on iPad? Plumi marks them against the same mark schemes.