Scottish school exams

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(370)
2
SECTION B
THREE questions should be attempted from this Section.
3. What is the difference between an investor and a speculator ? Discuss
the effects of the activities of speculators on the Stock Exchange. (20)
4. Describe the organisation of one nationalised industry with which you
are familiar. (20)
5. Explain the usefulness of forward rates on the foreign exchanges to
merchants engaged in (i) importing, and (ii) exporting. (20)
6. Compare and contrast the main features of a holding company and a
trust. (20)
7. “ Bank rate technique is not always an effective means of controlling
financial and industrial activity.” Explain and discuss this statement. (20)
(C68428)

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