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Economics · May / June 2023 · Paper 12 · Question 11

2281Money and banking

Savers suffer as inflation rises to 4.4%. Which function of money is most involved in this statement?

  1. Ameans of deferred payments
  2. Bmedium of exchange
  3. Cstore of value
  4. Dunit of account

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Correct answer: C. store of value

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