Quiz: The Functions of Money
Pearson Edexcel Level 3 Advanced GCE in Economics A (9EC0)
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Building on what you've learned about economic concepts, let's test your knowledge of the functions of money!
Which of the following is considered a function of money?
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Select all correct functions of money:
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Money is a {{blank0}} of value, meaning it allows prices to be compared and goods to be valued.
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Match the items on the left with their correct pairs on the right
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If £100 is stored for 3 years at an annual inflation rate of 2%, what is its purchasing power at the end of the period?
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Match the items on the left with their correct pairs on the right
What does 'money as a method of deferred payment' allow people to do?
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Money is a {{blank0}} of value because it enables people to save and exchange wealth over time.
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Match the items on the left with their correct pairs on the right
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Which of the following is NOT a function of money?
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