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Business BTEC Unit 3 - Aim A (Part 1) [Graded A
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7

October 2023

2023/2024

A+
Main functions of money - Answers-1. unit of account- (you exchange money for an equivalent value of goods) 2. means of exchange- (buy, sell or trade) 3. store of value- (it can be stored e.g. banks) 4. legal tender- (national currency of a country an official method of payment) Factors influencing your view on money - Answers-1. personal attitudes- towards risk and reward 2. life stages- your financial priories and needs 3. culture- religious belief and ethical principles 4. life eve...
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