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2.5 The role of money and financial markets

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Question 25

A community allotment group charges its members £18 to hire a rotavator for a day and £12 to hire a trailer. Before booking, one member checks both prices to see which item is cheaper to hire.

Which function of money is the member using?

[1]
A

Store of value

B

Medium of exchange

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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