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Ch 8 Money, Banking and Households: complete notes
Neat, exam-ready notebook-style notes for Ch 8 Money, Banking and Households, following the Cambridge IGCSE 0455 syllabus. This chapter is part of the complete IGCSE Economics 0455 Complete Notes: All 22 Chapters with Diagrams and Mark Schemes (Cambridge 2027–2029).
Free preview: Ch 8 Money, Banking and Households notes
A quick look at the chapter from our IGCSE Economics notes. The full chapter notes have the detailed explanations, diagrams and practice questions with answers.
Topics in this chapter
- 3.1.1 Money
- Forms of money
- Functions of money (what money does)
- Characteristics of money (what makes a good form of money)
- 3.1.2 Banking: central banks
- Commercial banks
- 3.2.1 Influences on spending, saving and borrowing
“I can” checklist: what you must be able to do
- explain the problems of barter and how money solves them
- state the forms of money, and explain why cards and cheques are not money
- explain the four functions of money, with examples
- explain the characteristics of money
- explain the role and importance of a central bank
- explain the role and importance of commercial banks, and how they make a profit
- calculate saving, the saving ratio and interest
- explain how income, the rate of interest, confidence, age and culture influence spending, saving and borrowing
What is inside the full chapter notes
- Concept notes, banking flow chart, income and life-cycle charts, 8 worked examples (calculations and model answers)
- Exam skills for Paper 2; common mistakes from the examiner report
- 20 Paper 1 style multiple-choice questions, explained
- One Section A data-response question and two Section B questions (Paper 2 style), all with full mark schemes
- Quick-reference table, "I can" checklist
What you get in the pack
- All 22 chapters of the Cambridge IGCSE Economics 0455 syllabus (exams 2027–2029): the basic economic problem, demand and supply, elasticity, market failure, money and banking, workers, firms and markets, government policy, growth, unemployment, inflation, development, international trade, exchange rates and the balance of payments
- Every syllabus statement covered in order, with clear notes and economics diagrams drawn for these notes
- Worked examples (calculations and model answers), exam skills and key definitions in every chapter
- Common mistakes taken from Cambridge examiner reports, so you know where marks are lost
- 20 Paper 1 style MCQs per chapter with answers and explanations
- Original exam-style questions in the style of Paper 1 (multiple choice) and Paper 2 (structured questions), with full mark schemes (no past-paper reprints)
- Quick-reference sheet and an "I can" checklist at the end of every chapter
- Colour PDF and a black and white copy of every chapter for printing
- Independent notes; not endorsed by or affiliated with Cambridge University Press & Assessment
All chapters in this pack
- Ch 1 The Basic Economic Problem
- Ch 2 Markets, Demand and Supply
- Ch 3 Price Determination and Price Changes
- Ch 4 Price Elasticity of Demand
- Ch 5 Price Elasticity of Supply
- Ch 6 The Market Economic System and Market Failure
- Ch 7 The Mixed Economic System
- Ch 8 Money, Banking and Households
- Ch 9 Workers
- Ch 10 Firms and Production
- Ch 11 Firms' Costs, Revenue and Objectives
- Ch 12 Types of Markets
- Ch 13 Government Intervention and Fiscal Policy
- Ch 14 Monetary Policy and Supply-side Policy
- Ch 15 Economic Growth
- Ch 16 Employment and Unemployment
- Ch 17 Inflation and Deflation
- Ch 18 Living Standards and Poverty
- Ch 19 Population and Economic Development
- Ch 20 Specialisation, Free Trade and Globalisation
- Ch 21 Foreign Exchange Rates
- Ch 22 The Current Account of the Balance of Payments