Topic: The determinants of the general level and pattern of interest rates • The term structure of interest rates

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MFS – JUL 2020 – L2 – Q1 – Functions of Money and Overcoming Barter Limitations

Discuss the functions of money in a modern economy and how it overcomes barter limitations.

Question

Discuss the functions of money in a modern economy and explain how it overcomes the limitations of the barter economy.

[Total Marks: 20]

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Tags: Barter economy limitations, Inflation causes and effects, Liquidity, Modern economy, Money functions
Level: Level 2

MFS – JUL 2020 – L2 – Q1 – Functions of Money and Overcoming Barter Limitations

Discuss the functions of money in a modern economy and how it overcomes barter limitations.

Question

Discuss the functions of money in a modern economy and explain how it overcomes the limitations of the barter economy.

[Total Marks: 20]

Answer

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Tags: Barter economy limitations, Inflation causes and effects, Liquidity, Modern economy, Money functions
Level: Level 2

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Topic: The determinants of the general level and pattern of interest rates • The term structure of interest rates

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MFS – JUL 2020 – L2 – Q1 – Functions of Money and Overcoming Barter Limitations

Discuss the functions of money in a modern economy and how it overcomes barter limitations.

MFS – JUL 2020 – L2 – Q1 – Functions of Money and Overcoming Barter Limitations

Discuss the functions of money in a modern economy and how it overcomes barter limitations.

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Topic: The determinants of the general level and pattern of interest rates • The term structure of interest rates

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MFS – JUL 2020 – L2 – Q1 – Functions of Money and Overcoming Barter Limitations

Discuss the functions of money in a modern economy and how it overcomes barter limitations.

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Discuss the functions of money in a modern economy and how it overcomes barter limitations.

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