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Economics (AS & A Level) · May / June 2021 · Paper 12 · Question 3

9708Money and banking

If the rate of inflation rises from 2% to 20%, which function of money is likely to be most affected?

  1. Amedium of exchange
  2. Bstandard for deferred payment
  3. Cstore of value
  4. Dunit of account

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Correct answer: C. store of value

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