O-LevelCommerceCreditOct/Nov 2023Paper 1 Q371 Mark
Jamal requires a loan of $200000 to purchase a property for his business. Which question would a bank consider to be the most important before agreeing to the loan?
AAre you aware of the interest charges on loans?
BDo you have a current account with the bank?
CHow long will you take to repay the loan?
DWhat collateral security can you provide against the loan?
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of credit within the Commercesyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
🔒
Unlock the Examiner's Answer
Sign up for free to reveal the correct answer, the official mark scheme breakdown, and the examiner trap analysis for this question.
Sign Up Free to Unlock →Join thousands of Cambridge students already using Oracle Prep