TUTORIAL 1

Tutorial 1

Section A. 2 marks each.

1. What is money?

2. Give two (2) reasons for holding money.

3. State the components of M2.

4. What is metallic money?

5. Define fiat money.

Section B.

6. Explain two (2) functions of money.                   (6 marks)

7. Explain three (3) characteristics of money.         (6 marks)

8. Money can be measured using money aggregate.

What are the components of M1, M2 and M3?        (6 marks)

Please submit this tutorial to my room after the lesson finished.

Thanks you...