Economics GCSE
Money
What Money means in Economics GCSE, as defined for AQA.
Definition of Money
Check what you remember
Read the wording for your board, then hide it and explain Money in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts within a particular country or socio-economic context.
Topics that use Money
- The role of money (AQA GCSE)
Related terms
- Fiat money
- Medium of exchange
- Store of value
- The money supply
- Standard of deferred payment
- Unit of account
Using Money in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
Practise Economics questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
Start free
All Economics GCSE termsA week of Premium from your first lesson · Then the free plan continues · No card, no charge