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O-LevelEconomicsThe allocation of resources2281/12 · May/June 2024 · Q151 Mark

Which function of money acts as a measure of value?

Amedium of exchange

Bstandard of deferred payment

Cstore of wealth

Dunit of account

✓ Correct answer

D: unit of account

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Topic: The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2024 Paper 1 Variant 2, question 15.

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