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Cambridge IGCSE Economics practice

Paper 2 structured question: Money and banking

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Attempt questionMoney and banking revisionRevise the key idea

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2

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4

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Money and banking

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Paper 2Structured Questions4 marks

The importance of money in trade.

Description

Role of Money

Money is essential for trade as it simplifies transactions, provides a measure of value, and allows for savings. Understanding its features helps in analyzing economic interactions.

  1. a

    Explain why money is important for trade.

    Aim for approximately 4 distinct marking points.

    [4]

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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.

    Aim for approximately 1 distinct marking point.

    [1]