logo

Exam-style practice

Money and banking answer explanations

Review worked answers and explanations for Money and banking. Aligned to Cambridge IGCSE Economics.

Answer explanations

Question 1 of 4

Review the answer support, then move sideways through the set.

Paper 2 structured question: Money and banking

Paper 2Structured Questions1 marks

Description

Functions of Money

Money serves three primary functions in an economy: as a medium of exchange, a unit of account, and a store of value. Each function plays a crucial role in facilitating economic transactions and stability.

  1. a

    State the three primary functions of money.

    [1]