Functions of Money - SS1 Economics Past Questions and Answers - page 1
1
Which of the following is a function of money?
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A
 Investing
Â
B
Bartering
C
Medium of exchange
2
What is the function of money as a unit of account?
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A
To store wealth
Â
B
To compare the value of different goods and services
C
To make payments over time
3
Which of the following is an example of money as a store of value?
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A
A house
Â
B
A stock
C
Cash
4
What is the function of money as a standard of deferred payment?
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A
To compare the value of different goods and services
Â
B
To make payments over time
C
To store wealth
5
Which of the following is an example of money as a unit of account?
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A
A price tag
B
A savings account
Â
C
A credit card
6
What is the function of money as a medium of exchange?
Â
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7
What is the function of money as a standard of deferred payment?
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