A-LevelEconomicsMoney and BankingFeb/Mar 2022Paper 1 Q31 Mark
Which function of money overcomes the double coincidence of wants problem that exists in a barter system?
Amedium of exchange
Bstandard of deferred payment
Cstore of value
Dunit of account
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of money and banking 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...
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