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(a) Explain the role of money in the development of an economy and briefly highlight any four qualities of a good money material. How
(a) Explain the role of money in the development of an economy and briefly highlight any four qualities of a good money material. How has the use of money solved the problems experienced during the barter system of trade? (6 marks) (b) Explain the role of central bank of a country (6 marks) (c) Differentiate between real Gross Domestic Product and nominal gross domestic product. (3marks)
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a Role of Money in the Development of an Economy and Qualities of Good Money Money plays a crucial role in the development of an economy It serves as a medium of exchange a unit of account a store of ...
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
1292016922, 978-1292016924
