O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2010 · Q141 Mark

One of the functions of money is to act as a measure of value. What does this mean?

AMoney allows people to borrow and lend.

BMoney allows people to save their surplus income.

CMoney is used to buy goods and services.

DMoney is used to compare the worth of different goods and services.

✓ Correct answer

D: Money is used to compare the worth of different goods and services.

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2010 Paper 1 Variant 1, question 14.

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