Commerce and Accounting · JCE / Home and foreign trade
StructuredPast exam questionForm 3 · JCE
Lesly is engaged in home trade. He operates a tuck-shop. Some of the items he sells: pencils, sugar, shoe polish, milk.
- aClassify the items into needs and wants. [4]
- bLesly keeps his daily cash sales in a savings account. He is concerned that his savings will be affected by inflation. Describe any two possible effects of inflation on Lesly's savings. [4]
You'll mark your own answer against the marking guide when you hand it in.
Source: BEC JCE Commerce and Accounting 2023, Paper 2, Question 1(b)
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