CSEC Economics · May/June 2013 · Paper 2 · Question 4(c)
Explain THREE functions performed by a Central Bank.
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Practise this questionOther parts of this question
- 4(a)(i)Define 'barter'.[2 marks]
- 4(a)(ii)Define 'legal tender'.[2 marks]
- 4(b)State the primary disadvantage of barter.[1 mark]
- 4(d)(i)Identify the function of money demonstrated when Mark compares the prices of two clothing items.[1 mark]
- 4(d)(ii)Identify the function of money demonstrated when Margaret participates in a meeting turn / sou-sou / partner.[1 mark]
- 4(d)(iii)Identify the function of money demonstrated when Odette takes a loan to fund her studies.[1 mark]
- 4(d)(iv)Identify the function of money demonstrated when Peter purchases a car for US $120,000.[1 mark]
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