Economics formula sheet - Study guides, Study notes & Summaries

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ECS2605, EXAM PACK 2022 (4 in 1 Package) Study notes, 2 Previous Exam Papers and Calculation Elaborations

ECS2605, EXAM PACK 2022 (4 in 1 Package) Study notes, 2 Previous Exam Papers and Calculation Elaborations
Summary • 222 pages • 2022

This document includes summary notes that cover 100% of the subject, calculation elaborations with many examples, and 2 exam paper examples.

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ECS3701 MCQ EXAM PACK 2022.
Exam (elaborations) • 52 pages • 2022

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...