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Economics (AS & A Level) · Oct / Nov 2022 · Paper 13 · Question 2

9708Money and banking

During a period of deflation an economy's aggregate monetary demand falls. Which function of money explains this fall?

  1. Aa measure of value
  2. Ba medium of exchange
  3. Ca standard for deferred payment
  4. Da store of value

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Correct answer: D. a store of value

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