Ecs3701 exam - Study guides, Study notes & Summaries
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ECS3701 EXAM PACK 2024
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LATEST EXAM PACK QUESTIONS AND ANSWERS AND SUMMARIZED NOTES FOR EXAM PREPARATIONS. 
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Monetary Economics(ECS3701 Exam pack 2023)
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Monetary Economics(ECS3701 Exam pack 2023) 
 
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ECS3701 EXAM PACK 2024 QUESTIONS AND ANSWERS VERIFIED BY EXPERTS AND GRADED A+ LATEST UPDATE
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ECS3701 EXAM PACK 2024 QUESTIONS AND ANSWERS VERIFIED BY EXPERTS AND GRADED A+ LATEST UPDATE 
 
Part 1: 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: 	u...
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Exam (elaborations) ECS3701 - Monetary Economics (ECS3701)
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Exam (elaborations) ECS3701 - Monetary Economics (ECS3701)EXAM PACK MAYJUNE 2022
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ECS3701 EXAM PACK 2024/2025
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ECS3701 EXAM PACK 2024/2025
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ECS3701 EXAM PACK 2024 - DISTINCTION GUARANTEED
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Well-structured ECS3701 EXAM PREPARATION PACK - DISTINCTION GUARANTEED. Contains recent exam questions and answers, and Summarised study notes. All you need to pass the 2024 EXAMS
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ECS3701 EXAM PACK 2023
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ECS3701 EXAM PACK 2023
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ECS3701 EXAM PACK 2023.
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ECS3701 EXAM PACK 2023.
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ECS3701 EXAM PACK 2023.
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ECS3701 EXAM PACK 2023.
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ECS3701 Exam Pack Updated
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ECS301 [New ECS3701] 
SELECTED EXAMINATION QUESTIONS AND SUGGESTED 
SOLUTIONS 
MAY/JUNE 2011 
Part 1: 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 valu...
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