A-LevelEconomicsThe macroeconomy9708/12 · Oct/Nov 2010 · Q41 Mark

What is a correct statement about money?

AIts functions mean the characteristics that it possesses.

BIts liquidity means its use as legal tender.

CIts supply means the total value of banknotes in circulation.

DIts value means its purchasing power.

✓ Correct answer

D: Its value means its purchasing power.

Oracle Prep sorts past-paper questions by topic, so you can drill The macroeconomy and see which topics are most likely to come up next.

Topic: The macroeconomy, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, Oct/Nov 2010 Paper 1 Variant 2, question 4.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

A director becomes redundant as the result of a company merger. His salary was $80 000. He is entitled to an annual p…

Which cause of economic growth would involve the least cost for present and future generations of a country's populat…

An aggregate demand curve slopes downwards from left to right. One reason for this is that a reduction in the average…

Company R manufactures steel. Company S produces ships. Company T operates oil tankers. Company V operates cruise lin…

A monopolist chooses an output that maximises profits and makes normal profits. What must be correct at the output ch…

A firm operates in an imperfectly competitive market. The prices of its products are determined by the maximum price …