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Money and interest rates

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Question 15

In modern monetary economics, a clear distinction is made between what money does (its functions) and the properties it must possess to perform those roles (its characteristics). Which of the following combinations contains only functions of money?

Portability, divisibility, and standard for deferred payment\text{Portability, divisibility, and standard for deferred payment}Portability, divisibility, and standard for deferred payment

Acceptability, durability, and store of value\text{Acceptability, durability, and store of value}Acceptability, durability, and store of value

Uniformity, scarcity, and medium of exchange\text{Uniformity, scarcity, and medium of exchange}Uniformity, scarcity, and medium of exchange

Store of value, unit of account, and standard for deferred payment\text{Store of value, unit of account, and standard for deferred payment}Store of value, unit of account, and standard for deferred payment

Money and interest rates Questions

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