O-LevelEconomicsGovernment and the macroeconomy2281/12 · May/June 2023 · Q111 Mark

Savers suffer as inflation rises to 4.4%. Which function of money is most involved in this statement?

Ameans of deferred payments

Bmedium of exchange

Cstore of value

Dunit of account

✓ Correct answer

C: store of value

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About this question

Topic: Government and the macroeconomy, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2023 Paper 1 Variant 2, question 11.

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