CSEC Principles of Business · January 2014 · Paper 2 · Question 3(a)(i)
List THREE services provided by EACH of the following:
Central banks
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Practise this questionOther parts of this question
- 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]
- 3(c)Discuss TWO reasons why it is better to save money in a financial institution rather than at home.[6 marks]
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