O-LevelEconomicsThe allocation of resources2281/13 · Oct/Nov 2023 · Q111 Mark

A function of money is to act as a measure of value. What does this mean?

AIt is used for future savings.

BIt is used to compare the worth of different goods.

CIt is used to enable monthly payments for expensive goods.

DIt is used to pay the price of a good.

✓ Correct answer

B: It is used to compare the worth of different goods.

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Topic: The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2023 Paper 1 Variant 3, question 11.

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