2024 AQA AS ECONOMICS 7135/2 The National Economy in a
Global Context Paper 2 Verified Question and Answer Attached
IN Paper2 OF ECONOMICS 2025/2026
1. Investment Scams - ANSWER: Any fraud that is related to stocks, bonds,
commodities, limited partnerships, real estate, or other types of investments
2. life insurance - ANSWER: insurance paid to beneficiaries when the insured
person dies
3. Phishing - ANSWER: a technique to gain personal information for the purpose of
identity theft, usually by means of fraudulent e-mail
4. Ponzi Scheme - ANSWER: an investment fraud that involves the payment of
purported returns to existing investors from funds contributed by new investors
5. Premium - ANSWER: an amount to be paid for an insurance policy.
6. Auto Insurance - ANSWER: Protects against losses to property and injuries to
people in a car accident.
7. Better Business Bureau (BBB) - ANSWER: A system of nongovernmental,
independent, local regulatory agencies supported by local businesses that helps
settle problems between customers and specific business firms
8. consumer legislation - ANSWER: requires sellers to make complete and
accurate disclosures
9. coverage limit - ANSWER: The maximum amount an insurance company will pay
if you file a claim.
10. data breaches - ANSWER: When sensitive or confidential information is copied,
transmitted, or viewed by an individual who is not authorized to handle the data.
11. Deductible - ANSWER: Amount you must pay before you begin receiving any
benefits from your insurance company
12. Disability Insurance - ANSWER: A type of insurance paid to an individual if
he/she is injured and is unable to work for a specified length of time.
13. Dodd-Frank Act - ANSWER: a law enacted in the aftermath of the financial crisis
of 2008-2009 that strengthened government oversight of financial markets and
placed limitations on risky financial strategies such as heavy reliance on leverage
14. dumpster diving - ANSWER: digging through trash to identify valuable assets
such as personal documents and information
15. Equal Housing Act - ANSWER: banned discrimination of purchasing and renting
property
Global Context Paper 2 Verified Question and Answer Attached
IN Paper2 OF ECONOMICS 2025/2026
1. Investment Scams - ANSWER: Any fraud that is related to stocks, bonds,
commodities, limited partnerships, real estate, or other types of investments
2. life insurance - ANSWER: insurance paid to beneficiaries when the insured
person dies
3. Phishing - ANSWER: a technique to gain personal information for the purpose of
identity theft, usually by means of fraudulent e-mail
4. Ponzi Scheme - ANSWER: an investment fraud that involves the payment of
purported returns to existing investors from funds contributed by new investors
5. Premium - ANSWER: an amount to be paid for an insurance policy.
6. Auto Insurance - ANSWER: Protects against losses to property and injuries to
people in a car accident.
7. Better Business Bureau (BBB) - ANSWER: A system of nongovernmental,
independent, local regulatory agencies supported by local businesses that helps
settle problems between customers and specific business firms
8. consumer legislation - ANSWER: requires sellers to make complete and
accurate disclosures
9. coverage limit - ANSWER: The maximum amount an insurance company will pay
if you file a claim.
10. data breaches - ANSWER: When sensitive or confidential information is copied,
transmitted, or viewed by an individual who is not authorized to handle the data.
11. Deductible - ANSWER: Amount you must pay before you begin receiving any
benefits from your insurance company
12. Disability Insurance - ANSWER: A type of insurance paid to an individual if
he/she is injured and is unable to work for a specified length of time.
13. Dodd-Frank Act - ANSWER: a law enacted in the aftermath of the financial crisis
of 2008-2009 that strengthened government oversight of financial markets and
placed limitations on risky financial strategies such as heavy reliance on leverage
14. dumpster diving - ANSWER: digging through trash to identify valuable assets
such as personal documents and information
15. Equal Housing Act - ANSWER: banned discrimination of purchasing and renting
property
