Home
Subjects
Shop Courses Live Jobs board
Account Shopping cart Logout

Economics

Economics
Explore
Blog Reference library Collections Shop

Study Notes

Money - Characteristics and Functions (Financial Economics)

Level:
GCSE, AS, A Level, IB, BTEC Level 3
Board:
AQA, Edexcel, OCR, IB, Eduqas, WJEC
Share:

According to the Bank of England, in a modern economy, money is a type of IOU, but one that is special because everyone in the economy trusts that it will be accepted by other people in exchange for goods and services.

Functions of money
This short revision video covers the main functions and characteristics of money

Check out our revision video playlist on financial economics

Share:

Boston House,
214 High Street,
Boston Spa,
West Yorkshire,
LS23 6AD

Tel: +44 0844 800 0085

© 2021 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.

Back to top