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GCSE Economics Revision

Money & Banking

The role of money, banks and the financial sector in the economy.

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Compound interest is calculated on?

Money & Banking is a core part of GCSE Economics. Revise the key concepts and common mistakes below, then lock them in with the free games.

Key concepts

PrincipalOriginal sum borrowed or saved.
Simple interestInterest on principal only.
Compound interestInterest on principal plus past interest.
APRAnnual Percentage Rate — total borrowing cost.
Monetary policyUse of interest rates to control inflation.
MPCMonetary Policy Committee at the Bank of England.
FCAFinancial Conduct Authority — UK financial regulator.
Prudential regulationRules ensuring banks hold enough capital.
Quantitative easingCentral bank buys bonds to inject money.
LiquidityHow easily an asset is turned into cash.
Moral hazardBanks take risks knowing they'll be bailed out.
Financial crisisSevere disruption to banking system.
Commercial bankHigh-street bank serving households/firms.
Central bankBank of England — runs UK monetary system.
Learn Money & Banking step by step

Free interactive mini-lessons: short screens, worked examples and quick checks. Pick your exam board to open its course map, then tap L on this topic:

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Common mistakes to avoid

Questions where students often pick the tempting wrong answer — make sure you know the right one:

Compound interest is calculated on?✗ Only the original principal   ✓ Principal plus accumulated interest

Practise Money & Banking — free games

Test yourself with these quick revision games for this topic:

▶ Two Truths, One Lie▶ Reveal Race▶ Connections Grid▶ Falling Words▶ Word Web

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More GCSE Economics topics

Introduction to EconomicsHow Markets WorkGovernment & the EconomyInternational Trade
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100 AI Prompts for GCSE Economics

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