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6 marksDevelopment of Barter and Money

CSEC Principles of Business · May/June 2011 · Paper 2 · Question 3(d)

Identify TWO types of cashless monetary transactions within the banking system, and discuss how EACH is performed.

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Other parts of this question

  1. 3(a)(i)Define the term 'savings'.[2 marks]
  2. 3(a)(ii)List TWO methods of saving available to individuals.[2 marks]
  3. 3(b)Identify TWO sources of short-term financing and TWO sources of long-term financing.[4 marks]
  4. 3(c)(i)Explain the role of the Central Bank as an advisor to the government.[3 marks]
  5. 3(c)(ii)Explain the role of the Central Bank as a lender of last resort.[3 marks]

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