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2.5 The role of money and financial markets

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Question 14

A local sailing club charges £18 for a lesson and £7 to hire a buoyancy aid.

Which action illustrates money acting as a unit of account?

[1]
A

Comparing the £18 lesson price with the £7 hire price

B

Keeping £18 aside now to pay for a lesson next month

C

Agreeing to pay the £18 lesson charge next week

D

Handing over £18 to pay for a lesson on the day

Markscheme

2.5 The role of money and financial markets Questions

  1. GCSE
  2. /Economics
  3. /2.5 The role of money and financial markets

60 exam-style questions on AQA GCSE Economics 2.5 The role of money and financial markets, covering 2.5.1a Functions of money, 2.5.1b Definition of money, 2.5.2a Agents in the financial sector, 2.5.2b The role of the Bank of England, and 2.5.2c The role of high street banks. Each one has a worked solution and a mark scheme showing where the marks go.

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