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  • Banking Worksheet

    Transféré par

    vimalpark
    37 vues2 pages
    Mr Wong is a successful trader who wants to expand his business by building a new factory and buying new stock and equipment. He has $80,000 in retained profits and needs to borrow $200,000 over 5 years. He is considering a loan or overdraft. The document asks to advise Mr Wong on the best financing option, describe payment methods for domestic and international trade, and explain developments reducing cash and check usage.

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    banking worsheet for GCE Commerce

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    Mr Wong is a successful trader who wants to expand his business by building a new factory and buying new stock and equipment. He has $80,000 in retained profits and needs to borrow $200,000 over 5 years. He is considering a loan or overdraft. The document asks to advise Mr Wong on the best financing option, describe payment methods for domestic and international trade, and explain developments reducing cash and check usage.

    Droits d'auteur :

    © All Rights Reserved
    Téléchargez comme DOCX, PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    37 vues2 pages

    Banking Worksheet

    Transféré par

    vimalpark
    Mr Wong is a successful trader who wants to expand his business by building a new factory and buying new stock and equipment. He has $80,000 in retained profits and needs to borrow $200,000 over 5 years. He is considering a loan or overdraft. The document asks to advise Mr Wong on the best financing option, describe payment methods for domestic and international trade, and explain developments reducing cash and check usage.

    Droits d'auteur :

    © All Rights Reserved
    Téléchargez comme DOCX, PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    sur 2

    Mr Wong, a successful trader, wishes to expand his business, build a new factory and buy stock

    and equipment. He has retained profits of $80 000 and wishes to borrow $200 000 over a five-
    year period.
    He is considering applying for either a loan or an overdraft.
    (a) Mentioning the main features of each of these two sources of finance, advise Mr Wong on
    his best course of action. Give reasons for your recommendation. [6]
    (b) Mr Wong trades both at home and in other countries.
    (i) Describe two means of payment provided by commercial banks to help such businesses
    trade at home. [4]
    (ii) Describe two means of payment provided by commercial banks to help Mr Wong trade
    in other countries. [4]
    (c) The use of cash and cheques to pay bills is gradually declining in many parts of the world.
    Explain some of the developments in banking that are making this possible. [6]

    Mr Wong, a successful trader, wishes to expand his business, build a new factory and buy stock
    and equipment. He has retained profits of $80 000 and wishes to borrow $200 000 over a five-
    year period.
    He is considering applying for either a loan or an overdraft.
    (a) Mentioning the main features of each of these two sources of finance, advise Mr Wong on
    his best course of action. Give reasons for your recommendation. [6]
    (b) Mr Wong trades both at home and in other countries.
    (i) Describe two means of payment provided by commercial banks to help such businesses
    trade at home. [4]
    (ii) Describe two means of payment provided by commercial banks to help Mr Wong trade
    in other countries. [4]
    (c) The use of cash and cheques to pay bills is gradually declining in many parts of the world.
    Explain some of the developments in banking that are making this possible. [6]

    Mr Wong, a successful trader, wishes to expand his business, build a new factory and buy stock
    and equipment. He has retained profits of $80 000 and wishes to borrow $200 000 over a five-
    year period.
    He is considering applying for either a loan or an overdraft.
    (a) Mentioning the main features of each of these two sources of finance, advise Mr Wong on
    his best course of action. Give reasons for your recommendation. [6]
    (b) Mr Wong trades both at home and in other countries.
    (i) Describe two means of payment provided by commercial banks to help such businesses
    trade at home. [4]
    (ii) Describe two means of payment provided by commercial banks to help Mr Wong trade
    in other countries. [4]
    (c) The use of cash and cheques to pay bills is gradually declining in many parts of the world.
    Explain some of the developments in banking that are making this possible. [6]

    Mr Wong, a successful trader, wishes to expand his business, build a new factory and buy stock
    and equipment. He has retained profits of $80 000 and wishes to borrow $200 000 over a five-
    year period.
    He is considering applying for either a loan or an overdraft.
    (a) Mentioning the main features of each of these two sources of finance, advise Mr Wong on
    his best course of action. Give reasons for your recommendation. [6]
    (b) Mr Wong trades both at home and in other countries.
    (i) Describe two means of payment provided by commercial banks to help such businesses
    trade at home. [4]
    (ii) Describe two means of payment provided by commercial banks to help Mr Wong trade
    in other countries. [4]
    (c) The use of cash and cheques to pay bills is gradually declining in many parts of the world.
    Explain some of the developments in banking that are making this possible. [6] o/7/5

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