O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2011 · Q141 Mark

Which statement about a country's banks is correct?

ACommercial banks hold the financial accounts of the government.

BCommercial banks settle debts by clearing customers' cheques.

CThe central bank sets the government's tax and spending policies.

DThe central bank supplies foreign currency to members of the public.

✓ Correct answer

B: Commercial banks settle debts by clearing customers' cheques.

Oracle Prep sorts past-paper questions by topic, so you can drill Microeconomic decision makers and see which topics are most likely to come up next.

Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2011 Paper 1 Variant 1, question 14.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content