CSEC Principles of Business · January 2014 · Paper 2 · Question 3(b)(ii)(a)
State ONE advantage of EACH of the following types of cheque:
Open
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- 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)(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]
More practice: the rest of this paper · more Development of Barter and Money questions · all CSEC Principles of Business past papers