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

2281Money and banking

One of the functions of money is to act as a measure of value. What does this mean?

  1. AMoney allows people to borrow and lend.
  2. BMoney allows people to save their surplus income.
  3. CMoney is used to buy goods and services.
  4. DMoney is used to compare the worth of different goods and services.

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Correct answer: D. Money is used to compare the worth of different goods and services.

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