Skip to content

Course home

x
2.8 The role of money and financial markets
x

Money as a medium of exchange

Money as a medium of exchange

Barter is the direct exchange of goods or services without money. It can fail when two people do not want each other's goods at the same time, so trade becomes slow and awkward.

2.8 The role of money and financial markets Lesson

  1. GCSE
  2. /Economics
  3. /2.8 The role of money and financial markets

Step-by-step lessons on OCR GCSE Economics 2.8 The role of money and financial markets, covering 2.8.1 Money as a medium of exchange, 2.8.2 Role of the financial sector, 2.8.3 Importance of the financial sector, 2.8.4 Interest rates and saving, borrowing, investment, and 2.8.5 Effect of interest rate changes. Each one builds up to exam-style questions. Build a solid grasp of supply and demand and cost/revenue calculations before tackling the evaluation-heavy policy topics.

Lessons