Edexcel B · Theme 1: Markets, consumers and firms · 1.4 The role of credit in the economy

Edexcel B Economics past paper questions: The role of credit in the economy

Every Edexcel B question on The role of credit in the economy from 2017 to 2022: 5 data response questions and 3 short answer questions. It covers Introducing the market, The economic cycle and Introduction to macroeconomic policy. Each question links to its paper, mark scheme and examiner report.

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SubtopicsIntroducing the market 2The economic cycle 1Introduction to macroeconomic policy 1

Data response questions on the role of credit in the economy

A-level Paper 3, June 2022, Q1(a)Discuss8 marks

Case study: Why is the yuan’s exchange rate with the US dollar important?

Discuss the usefulness of GDP as an indicator of growth.

Question paper p.5 Mark scheme p.4 Examiner report p.4 Open in the tool

AS Paper 1, November 2020, Q1(d)Discuss8 marks

Case study: D.A.P. Ltd. (DAP)

Discuss the disadvantages for a firm such as DAP of a bank requiring collateral before giving a loan.

Question paper p.6 Mark scheme p.6 Open in the tool

AS Paper 1, June 2019, Q2(e)Assess12 marks

Case study: House prices rise at fastest rate since January, says Halifax bank

Assess whether a shortage of land is the main reason for rising house prices.

Question paper p.15 Mark scheme p.14 Examiner report p.6 Open in the tool

AS Paper 1, June 2018, Q1(e)12 marks

Case study: Student bodybuilders bulked up by selling proteins to gym fans

Elliot and Adam were refused a bank loan when they started their business in 2005. With reference to Extract A, assess if the bank made the right decision.

Question paper p.7 Mark scheme p.8 Examiner report p.12 Open in the tool

AS Paper 1, June 2017, Q2(d)Discuss8 marks

Case study: Magmatic Ltd posts £1.5m loss as it battles ‘copycats’

Using Extract C, discuss the difficulties in obtaining the necessary funds for Magmatic Ltd’s expansion plans.

Question paper p.11 Mark scheme p.11 Examiner report p.13 Open in the tool

Short answer questions on the role of credit in the economy

AS Paper 1, November 2020, Q2(b)Explain4 marks

Case study: Top of the class

Explain why Mint Tutors may have needed an overdraft in February 2019.

Question paper p.12 Mark scheme p.10 Open in the tool

AS Paper 1, June 2019, Q2(a)Define2 marks

Case study: House prices rise at fastest rate since January, says Halifax bank

What is meant by the term ‘supply’?

Question paper p.11 Mark scheme p.10 Examiner report p.5 Open in the tool

AS Paper 1, June 2017, Q2(a)Define2 marks

Case study: Magmatic Ltd posts £1.5m loss as it battles ‘copycats’

What is meant by the term ‘loan’?

Question paper p.9 Mark scheme p.10 Examiner report p.9 Open in the tool

Question text is quoted from the question papers, © Pearson Edexcel, for students’ private study. Open the official papers and mark schemes from the links on each question. Examiner insights are written with AI assistance and moderated by Finn.

Data response questions on the role of credit in the economy

Short answer questions on the role of credit in the economy

More Edexcel B topics: Markets, consumers and firms