CSEC Economics · May/June 2013 · Paper 2 · Question 4(d)(i)
Identify the function of money demonstrated when Mark compares the prices of two clothing items.
The mark scheme is shown once you've answered.
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(c)Explain THREE functions performed by a Central Bank.[6 marks]
- 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]
More practice: the rest of this paper · more Money and the Banking System questions · all CSEC Economics past papers