Economics GCSE
Functions of money
What Functions of money means in Economics GCSE, as defined for AQA.
Definition of Functions of money
Check what you remember
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Reference: AQA
Money acts as a medium of exchange, a store of value, a unit of account, and a standard of deferred payment, overcoming the inefficiencies of barter.
Topics that use Functions of money
- How the economy works (AQA GCSE)
Related terms
- Consumers
- Government
- Interest rates
- International trade
- Macroeconomic objectives
- Policy trade-offs
- Producers
- Economic management
Using Functions of money in the exam
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