Quelpr
2 marksFinancial Institutions and Regulation

CSEC Principles of Business · January 2014 · Paper 2 · Question 3(b)(iii)

State ONE advantage of EACH of the following types of cheque:

Identify TWO financial institutions, other than banks, which offer saving facilities to consumers.

The mark scheme is shown once you've answered.

Practise this question

Other parts of this question

  1. 3(a)(i)Central banks[3 marks]
  2. 3(a)(ii)Commercial banks[3 marks]
  3. 3(b)(i)Distinguish between an 'open cheque' and a 'crossed cheque'.[4 marks]
  4. 3(b)(ii)(a)Open[1 mark]
  5. 3(b)(ii)(b)Crossed[1 mark]
  6. 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 Financial Institutions and Regulation questions · all CSEC Principles of Business past papers