A-LevelEconomicsThe MacroeconomyMay/June 2021Paper 1 Q31 Mark
If the rate of inflation rises from 2% to 20%, which function of money is likely to be most affected?
Amedium of exchange
Bstandard for deferred payment
Cstore of value
Dunit of account
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of the macroeconomy within the Economicssyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
🔒
Unlock the Examiner's Answer
Sign up for free to reveal the correct answer, the official mark scheme breakdown, and the examiner trap analysis for this question.
Sign Up Free to Unlock →Join thousands of Cambridge students already using Oracle Prep