CSEC Principles of Business · January 2014 · Paper 2 · Question 3(c)
Discuss TWO reasons why it is better to save money in a financial institution rather than at home.
The mark scheme is shown once you've answered.
Practise this questionOther parts of this question
- 3(a)(i)Central banks[3 marks]
- 3(a)(ii)Commercial banks[3 marks]
- 3(b)(i)Distinguish between an 'open cheque' and a 'crossed cheque'.[4 marks]
- 3(b)(ii)(a)Open[1 mark]
- 3(b)(ii)(b)Crossed[1 mark]
- 3(b)(iii)Identify TWO financial institutions, other than banks, which offer saving facilities to consumers.[2 marks]
More practice: the rest of this paper · more Personal Finance, Business Financing and Record Keeping questions · all CSEC Principles of Business past papers