Economics Multiple Choice Question – 21 November 2020

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Economics
sacks of coffee beans
Photo by Kelly Lacy on Pexels.com

Given a rate of interest of 20% per year, what is the opportunity cost to an individual of saving an 
additional £1,000 in year 1?

Select ONE answer:

  1. an increase in consumption of £1,200 in year 2
  2. an increase in consumption of £200 in year 2
  3. consumption of £1,000 in year 1
  4. consumption of £1,200 in year 1

Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Economics KS4 and KS5 classes.

The answer is 3

  1. Not correct
  2. Not correct
  3. Correct
  4. Not correct

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Author: stuart001uk2014

Referral marketing, business, economics and accounting s​pecialist & corporate mentor

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