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Economics · May / June 2026 · Paper 12 · Question 10

2281Money and banking

A kilogram of rice was priced at $0.50 in one year, but the price increased to $0.75 for a kilogram in the following year. Which function of money does this statement demonstrate?

  1. Adeferred payment
  2. Bunit of account
  3. Cstore of value
  4. Dmedium of exchange

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Correct answer: B. unit of account

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