O-LevelCommerceFinanceOct/Nov 2013Paper 1 Q391 Mark
Anand wishes to buy a van for use in her business. She has decided to finance the purchase by using hire purchase. Why is hire purchase the best source of finance for Anand to use?
AInterest rates will be lower than for all other sources of finance.
BNo interest is paid on the purchase.
CShe can use the van and spread the repayments.
DShe will repay the debt within 30 days.
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of finance 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...
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