(a)[8]
Explain the characteristics that money must possess so that it can carry out its functions effectively.
(b)[12]
Discuss the likely consequences for an economy of an increase in the money supply.
Economics 9708 · AS & A Level · Oligopoly
Oligopoly — practice question
Worked solution & mark scheme
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Knowledge and understanding of the characteristics of money (acceptability, portability, scarcity, recognisability, relative stability of value, divisibility, durability, uniformity, stability of supply)” …
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