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Economics (AS & A Level) · Oct / Nov 2023 · Paper 33 · Question 17

9708Money and banking

What is a function of money?

  1. AIt can be divided into small units.
  2. BIt can be easily carried.
  3. CIt is a standard of deferred payment.
  4. DIt is widely accepted.

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Correct answer: C. It is a standard of deferred payment.

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