3 marksMoney and the Banking System
CSEC Economics · May/June 2010 · Paper 2 · Question 7(b)
List THREE functions of money.
The mark scheme is shown once you've answered.
Practise this questionOther parts of this question
- 7(a)Differentiate between a 'treasury bill' and a 'bond'.[4 marks]
- 7(c)Explain how inflation can affect ALL the functions of money.[8 marks]
- 7(d)"The central bank is the lender of last resort". Discuss this statement in relation to the central bank's role in managing the monetary sector in the economy.[5 marks]
More practice: the rest of this paper · more Money and the Banking System questions · all CSEC Economics past papers