Table 1 shows how four items are used.
| Item | Widely accepted for payment | Prices commonly stated in it | Can retain value | Used for future debts |
|---|---|---|---|---|
| A | No | No | Yes | No |
| B | Yes | Yes | No | No |
| C | Yes | Yes | Yes | Yes |
| D | No | No | Yes | Yes |
Which item performs all four functions of money most effectively?
Item A
Item B
Item C
Item D
27 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.