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Question 1 a) Give 5 functions of money [5 Marks] b) Explain the Barter system and mention any 2of its challenges [5 Marks] c) Clearly

Question 1

a) Give 5 functions of money [5 Marks]

b) Explain the Barter system and mention any 2of its challenges [5 Marks]

c) Clearly showing your workings, use the table below to calculate inflation rate [15 Marks]

Item WEIGHT AVERAGE AVERAGE

PRICE 2016 PRICE2018

Food 4 8 16

Shelter 8 12 18

Housing 2 5 7

Water 6 10 14

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