O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2013 · Q111 Mark

The use of a mobile (cell) phone to make payments is an example of which function of money?

Amedium of exchange

Bstandard of deferred payment

Cstore of wealth

Dunit of account

✓ Correct answer

A: medium of exchange

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2013 Paper 1 Variant 1, question 11.

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