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
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.