Economics 9708 · AS & A Level · Oligopoly

Oligopoly — practice question

Which statement relating to money is correct?

  • ADeflation reduces the internal purchasing power of money.
  • BMost financial assets are more liquid than physical assets.
  • CWhen money acts as a medium of exchange, it requires a double coincidence of wants.
  • DWhen money acts as a store of value, it must be unlimited in supply.

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