CSEC Principles of Business · 2021 · Paper 2 · Question 1(b)
Outline TWO ways in which money facilitates trade in the modern economy.
The mark scheme is shown once you've answered.
Practise this questionOther parts of this question
- 1(a)List FOUR instruments of exchange.[4 marks]
- 1(c)(i)Sole proprietorships (sole traders)[2 marks]
- 1(c)(ii)Public limited companies[2 marks]
- 1(c)(iii)Cooperatives[2 marks]
- 1(d)Explain THREE ways in which businesses in a free market economy operate when compared to businesses in a planned economy.[6 marks]
More practice: the rest of this paper · more Development of Barter and Money questions · all CSEC Principles of Business past papers