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1.3.1.5b - function of money as a medium of exchange, a measure and store of value, and a method

Syllabus
2018
Objective
1.3.1.5
Level
AS

b - function of money as a medium of exchange, a measure and store of value, and a method

The function of money as a medium of exchange, a measure and store of value, and a method of deferred payment; the significance of these functions for specialisation.

Use b - function of money as a medium of exchange, a measure and store of value, and a method to connect the rule to the data and decision in the question.

This matters because b - function of money as a medium of exchange, a measure and store of value, and a method determines what can be inferred or chosen; begin with the stated conditions and keep the conclusion tied to the evidence.

Example: apply b - function of money as a medium of exchange, a measure and store of value, and a method to one small, clearly defined case, show the key step or comparison, and explain the result in words.

Boundary: b - function of money as a medium of exchange, a measure and store of value, and a method is not a universal recommendation. Check the syllabus scope, assumptions, units and the limits of the evidence before generalising.

ConceptA-Level Edexcel Economics AS