Economics 2281 · O Level · Monetary policy

Monetary policy — practice question

What is likely to occur when the rate of interest rises?

  • Aconsumer spending increases
  • Bfirms buy fewer machines
  • Cpeople hold more cash
  • Dsavers earn lower rewards

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI