- 20 Marks
EIB – JUL 2020 – L1 – Q7 – Money Classification and Control
Classifies money, groups fiduciary money, reasons for keeping money, and government measures to control supply.
Question
a. Name the three main classification of money.
b. Fiduciary money may be grouped into three, Name any two.
c. Mention two reasons why people keep money.
d. State three measures the government may introduce to control money supply.
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