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2.5 The role of money and financial markets

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Question 3

A village uses sacks of grain for exchange. Grain is accepted locally, but it spoils quickly and its quality varies. Which assessment is best?

[1]
A

It can act as a medium of exchange, but it is a weak store of value and unit of account

B

It cannot act as a medium of exchange because it has physical form

C

It is a strong store of value because it spoils

D

It must be legal tender to provide any function of money

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

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.

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