📝 One-liners · 66 cards
Money Supply and Inflation
Which function of money is being used when a person keeps surplus cash idle for months intending to use it for a future purchase?
This is the store of value function of money, which allows purchasing power to be saved and used at a later point in time.
What is the primary function of money when it is used to price goods and services in an economy?
Measure of value (unit of account)
What is money supply in the context of macroeconomics?
Money supply refers to the total stock of money circulating in an economy at a given point in time, including currency and deposits.
Which function of money is directly reflected when a contract specifies fixed instalments payable over future years?
Standard for deferred payments
🔒
Unlock 66 revision one-liners
Interactive flashcard deck — flip every card to drill questions and answers, mark the ones you got wrong, and revise smarter for Money Supply and Inflation.
🪙
Unlock cost
300 coins
30-day access · re-unlocks free for 30 days