Economics mcq notes - Study guides, Revision notes & Summaries

ECS3701 MCQ EXAM PACK. ECS3701 - Monetary Economics Definition and functions of money (15 Marks) Answer all questions in part 1. 1.1 List and explain the three primary functions of money. (2) Medium of Exchange: money serves as a medium of exchange allowing it to be used as payment for goods and services. As such it promotes economic efficiency by reducing the time taken for transactions to take place. Unit of Account: used to measure value of goods and services in an economy and helps...

ECS3701 MCQ EXAM PACK. Monetary Economics. List and explain the three primary functions of money. (2) Medium of Exchange: money serves as a medium of exchange allowing it to be used as payment for goods and services. As such it promotes economic efficiency by reducing the time taken for transactions to take place. Unit of Account: used to measure value of goods and services in an economy and helps to reduce transaction costs. Store of Value: serves as a store of purchasing power from th...

This A-Level Economics formula sheet is designed to help you ace multiple-choice questions (MCQs) with ease. It covers key formulas for both Microeconomics and Macroeconomics, providing a quick and comprehensive reference for exam preparation. Ideal for last-minute revision, this guide simplifies complex concepts and ensures you have all the essential formulas at your fingertips to boost your exam performance. Perfect for A-Level students aiming for top grades!