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Money and interest rates

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Question 9

A local community attempts to establish a regional digital currency. However, due to severe network congestion and poor server infrastructure, transferring these digital tokens between users takes several hours and incurs extremely high transaction fees. Which function of money is most directly undermined by this operational limitation?

Unit of account

Store of value

Medium of exchange

Standard for deferred payment

Money and interest rates Questions

  1. A Level
  2. /Economics
  3. /Money and interest rates