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8 marksMoney and the Banking System

CSEC Economics · May/June 2011 · Paper 2 · Question 7(c)

Explain TWO benefits of moving from a barter system to one which uses money as legal tender.

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Other parts of this question

  1. 7(a)Differentiate between a 'treasury bill' and a 'treasury bond'.[4 marks]
  2. 7(b)List THREE characteristics of money.[3 marks]
  3. 7(d)Discuss TWO ways in which the use of electronic payments impacts consumers and businesses.[5 marks]

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