Pearson Edexcel IGCSE · Commerce

Financial institutions to support commerce: Practice Questions

2 multiple-choice questions marked as you go, and 4 written questions with worked solutions. All on Financial institutions to support commerce.

6 questions21 marksFree, no account

Question 1

1 mark

Which of the following is a primary function of a Central Bank that distinguishes it from a commercial bank?

Question 2

1 mark

A retailer operates late into the night and accumulates large amounts of cash. To reduce the risk of theft and ensure the money is securely deposited when the bank is closed, which banking service would be most appropriate?

Question 3

3 marks

Identify two banking services provided by commercial banks that specifically facilitate international trade.

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Question 4

5 marks

Explain how the trend towards a cashless society impacts the role of the Post Office as a financial institution in remote or rural areas.

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Question 5

5 marks

Evaluate the significance of the Central Bank acting as the 'lender of last resort' for commercial banks during a liquidity crisis.

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Question 6

6 marks

Part A: Describe the primary role of a Central Bank in a country's economy.
Part B: Explain three services provided by commercial banks that specifically support international trade.

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