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Microeconomic Decision Makers: Money and Banking
Practice Questions

20 CIE IGCSE Economics questions on Microeconomic Decision Makers: Money and Banking, each with instant feedback and a full examiner-style mark scheme.

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Try 2 sample questions on Microeconomic Decision Makers: Money and Banking

Question 1 · 1 mark · Difficulty 1/3

What is the main function of money as a medium of exchange?

  1. It allows the value of different goods to be compared
  2. It eliminates the need for a double coincidence of wants
  3. It enables wealth to be stored for future use
  4. It allows payments to be made at a later date
Show answer & explanation
✓ Answer: BIt eliminates the need for a double coincidence of wants
Award 1 mark for identifying that a medium of exchange eliminates the need for a double coincidence of wants. A is incorrect — this describes the function as a unit of account. C is incorrect — this describes the store of value function. D is incorrect — this describes the standard of deferred payment function.
Question 2 · 1 mark · Difficulty 2/3

A commercial bank in Indonesia has total deposits of 500 billion rupiah and is required to keep 10% as reserves. What is the maximum amount the bank can lend?

  1. 50 billion rupiah
  2. 450 billion rupiah
  3. 500 billion rupiah
  4. 550 billion rupiah
Show answer & explanation
✓ Answer: B450 billion rupiah
Award 1 mark for correct calculation. Required reserves = 10% × 500 billion = 50 billion rupiah. Maximum lending = 500 billion − 50 billion = 450 billion rupiah. A is incorrect — this is the reserve amount, not the lending capacity. C is incorrect — this ignores the reserve requirement. D is incorrect — this incorrectly adds reserves to deposits.
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CIE IGCSE Economics: Microeconomic Decision Makers: Money and Banking FAQ

How many CIE IGCSE Economics questions on Microeconomic Decision Makers: Money and Banking are there on Kramizo?
Kramizo currently has 20 exam-board-aligned practice questions on Microeconomic Decision Makers: Money and Banking for CIE IGCSE Economics, with new questions added every week. Each question gives you instant feedback and a full examiner-style mark scheme that tells you exactly what would earn marks on a real CIE paper. The questions span the full difficulty range — from straightforward recall (level 1) right up to multi-step reasoning and evaluation (level 3) — so the bank works for first-pass revision and final exam-week stress testing alike.
Is Kramizo free for CIE IGCSE students preparing for Economics?
Yes — completely free. Every student gets 45 questions a day on the free plan, with no card required and no trial countdown. That free quota works across every subject and every topic in our bank, so you can mix Microeconomic Decision Makers: Money and Banking practice with other Economics topics or even switch to a totally different CIE subject without paying anything. Kramizo's optional Pro plan removes the daily cap and adds detailed progress analytics, but the free tier is the real product — used by thousands of GCSE, IGCSE and CSEC students.
Are the Microeconomic Decision Makers: Money and Banking questions aligned to the official CIE IGCSE Economics syllabus?
Every question is written against the published CIE IGCSE Economics specification, including the exact command words (state, describe, explain, calculate, evaluate, etc.), mark allocations, and difficulty tier you'd see on a real CIE paper. Explanations are written in the style of official examiner mark schemes — they tell you what is being awarded marks and why distractors are wrong, not just whether you got it right. The bank is continually refined to match the latest syllabus updates from CIE.
How is Microeconomic Decision Makers: Money and Banking typically tested on CIE IGCSE Economics papers?
Microeconomic Decision Makers: Money and Banking appears across multiple question types on real CIE IGCSE Economics papers — most commonly as multiple-choice questions in the objective section, structured short-answer questions in the main paper, and occasionally as part of an extended response. Kramizo's practice bank reflects that mix: 4-option MCQs, true/false statements, fill-in-the-blank key terms, multi-select questions, and ordering questions. Working through the bank gives you exposure to every question style examiners actually use.

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