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Economics (AS & A Level) · May / June 2021 · Paper 13 · Question 4

9708Money and banking

The British pound is the national currency of the UK. In Brixton in south London it is possible to get a distinctively marked currency called the Brixton pound from special cash machines. This can be spent with 150 local shopkeepers. Similar schemes are found in towns in the US, Italy and France. Should Brixton pounds be considered money?

  1. Ano, because it is not possible to have two currencies in a country
  2. Bno, because they are not generally acceptable outside of Brixton
  3. Cyes, because some shopkeepers are willing to accept them
  4. Dyes, because they fulfil all the functions of money

As printed in the paper

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Correct answer: D. yes, because they fulfil all the functions of money

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