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Economics (AS & A Level) · May / June 2026 · Paper 32 · Question 13

9708Money and banking

Which statement relating to the distinction between broad and narrow money is correct?

  1. ABoth broad and narrow money can be used as a store of value.
  2. BBroad money includes all financial assets that individuals can trade.
  3. CGovernments exercise direct control over narrow money, but have no influence over broad money.
  4. DNarrow money consists of coins and notes only.

As printed in the paper

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Correct answer: A. Both broad and narrow money can be used as a store of value.

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