0455.3.1.1 — money The forms, functions and characteristics of money.: past paper questions
Real questions on 0455.3.1.1 — money the forms, functions and characteristics of money.
The newest 20 of 32 written questions. Open one to see it on the real paper.
- 0455/22 · May/June 2026 · Q3b[4]
Explain two reasons why households may save their money in a commercial bank.
See it on the paper → - 0455/23 · May/June 2026 · Q4b[4]
Explain the difference between a central bank and a commercial bank.
See it on the paper → - 0455/21 · October/November 2025 · Q1h[6]
Discuss whether or not a bank merger will benefit Swiss consumers and workers. Section B Answer any three questions. Each question is introduced by stimulus material. In your answers you may refer to the material and/or other examples you have studied.
See it on the paper → - 0455/23 · October/November 2025 · Q2a[2]
Define multinational company.
See it on the paper → - 0455/23 · October/November 2025 · Q3a[2]
Identify two ways central banks differ from commercial banks.
See it on the paper → - 0455/23 · October/November 2025 · Q3b[4]
Explain two characteristics that coins possess which mean they can perform the functions of money.
See it on the paper → - 0455/11 · October/November 2024 · Q10[1]
What is not a function of money?
See it on the paper → - 0455/23 · October/November 2024 · Q4b[4]
Explain the difference between the private sector and the public sector.
See it on the paper → - 0455/23 · October/November 2024 · Q5a[2]
Define a central bank.
See it on the paper → - 0455/23 · October/November 2024 · Q5b[4]
Explain two ways a commercial bank could attract more customers.
See it on the paper → - 0455/21 · May/June 2024 · Q1d[4]
Explain two functions of money in Nicaragua.
See it on the paper → - 0455/22 · May/June 2024 · Q4b[4]
two characteristics of money.
See it on the paper → - 0455/22 · February/March 2024 · Q1a[1]
Calculate the average wage paid in Denmark in 2020.
See it on the paper → - 0455/12 · October/November 2023 · Q11[1]
The ways of making and receiving payments continue to develop. Payments can now be made using smartphones, as well as cash, debit cards and credit cards. Which method of paying for products provides no information to sellers about their customers?
See it on the paper → - 0455/21 · October/November 2023 · Q3b[4]
two functions of money.
See it on the paper → - 0455/23 · October/November 2023 · Q3b[4]
Explain two functions of a central bank.
See it on the paper → - 0455/23 · October/November 2023 · Q4a[2]
Identify two characteristics of money.
See it on the paper → - 0455/21 · May/June 2023 · Q2a[2]
two functions of money.
See it on the paper → - 0455/12 · October/November 2022 · Q9[1]
Which organisations can directly fund the growth of firms?
See it on the paper → - 0455/12 · October/November 2022 · Q10[1]
Which advantage do coins have that makes them more suitable than paper banknotes to act as money?
See it on the paper →
What examiners said
Most candidates knew at least one function, usually medium of exchange or measure of value. Often there were errors in the wording of the term e.g. ‘means of exchange’ or candidates could only give a description e.g. ‘money is used to pay for our goods and services.’ A few candidates identified characteristics rather than functions e.g. it was portable, or they gave a function and a characteristic...
— Examiner report, May/June 2023, 0455/21 Q2(a) (Cambridge)
Candidates identified a variety of forms of money. A proportion of candidates identified ways of transferring money, such as cheques, rather than the form of money itself.
— Examiner report, May/June 2022, 0455/22 Q2(a) (Cambridge)
This question was well-answered on the whole and candidates were able to use the source material to identify local entrepreneurs borrowing money, and encouraging households to save, as roles of commercial banks. Some candidates, however, ignored the source and gave answers based upon material they had learned about commercial banks, such as ‘giving advice’, instead.
— Examiner report, October/November 2021, 0455/21 Q1(b) (Cambridge)
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