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2.5 The role of money and financial markets

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Question 18

At a weekend craft fair, visitors exchange pounds for paper vouchers. Stallholders accept the vouchers when visitors buy goods, and the price of each item is shown in vouchers. Visitors may keep unused vouchers to spend at another fair, but a visitor cannot take goods from a stall and pay for them after the fair.

Which function of money is absent from this arrangement?

[1]
A

Medium of exchange

B

Store of value

C

Unit of account

D

Means of deferred payment

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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