Functions of Money
Economics ⇒ Money and Banking
Functions of Money starts at 10 and continues till grade 12.
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See sample questions for grade 12
Describe how money acts as a standard of deferred payment.
Describe the importance of money as a unit of account in a modern economy.
Describe the role of money in the basis of credit system.
Explain how money facilitates the transfer of value between individuals and regions.
Explain how money helps in the distribution of national income.
Explain the difference between the primary and secondary functions of money.
Explain the function of money as a store of value.
Explain the role of money in providing liquidity to wealth.
Explain why barter system was inefficient compared to the use of money.
List any two primary functions of money.
State any two contingent functions of money.
State any two secondary functions of money.
