Home
Explore
Exams
Search for anything
Login
Get started
Home
A-Level Business
Edexcel
A1 - Functions of Money
0.0
(0)
Rate it
Studied by 5 people
0.0
(0)
Rate it
Call Kai
Learn
Practice Test
Spaced Repetition
Match
Flashcards
Knowt Play
Card Sorting
1/7
Earn XP
Description and Tags
january 2024 exam
Business
A-Level Business
Edexcel
Add tags
Study Analytics
All Modes
Learn
Practice Test
Matching
Spaced Repetition
Name
Mastery
Learn
Test
Matching
Spaced
No study sessions yet.
8 Terms
View all (8)
Star these 8
1
New cards
Barter
system of the exchange of goods and services
2
New cards
Money - Personal
widely used for making payments and accounting for debits and credits. flows in and out.
comes from many sources eg: wages, gifts, savings. goes out for necessities and wants
3
New cards
Money - Business
goes out to pay day-to-day expenses and fund expansion. eg: sales, bank loans, selling shares
4
New cards
Float on Stock Market
for those who have bought shares in a market. as they reinvest their funds the share price increases and the investor will receive a dividend
5
New cards
Unit of Account
allows us to place monetary value on goods and services
the price of goods and services show us the unit of account/value
6
New cards
Means of Exchange
businesses and customers can buy/sell goods or services using money
allows trade
7
New cards
Store of Value
can be used in the future as it keeps its value
saving allows us to buy goods and services in the future
8
New cards
Legal Tender
legally recognised as a form of payment
money is widely used and recognised for money transactions eg: receiving wages, deposits and payments
Explore top notes
History GCSE: Nazi Germany Why did Hitler become Chancellor in 1933?
Updated 1194d ago
Note
Preview
OIA1013 Pharmacology of neuromuscular junction
Updated 250d ago
Note
Preview
Introduction to Chemical Nomenclature: Inorganic Compounds
Updated 1281d ago
Note
Preview
Unit 2: Differentiation: Definition and Fundamental Properties
Updated 976d ago
Note
Preview
Science
Updated 445d ago
Note
Preview
Grade 8 SHS Religion Final Outline (copy)
Updated 936d ago
Note
Preview
6. Corporate Social Responsibility
Updated 1055d ago
Note
Preview
Unit 5: Conflict, Crisis, and Reaction in the Late 18th Century
Updated 986d ago
Note
Preview
History GCSE: Nazi Germany Why did Hitler become Chancellor in 1933?
Updated 1194d ago
Note
Preview
OIA1013 Pharmacology of neuromuscular junction
Updated 250d ago
Note
Preview
Introduction to Chemical Nomenclature: Inorganic Compounds
Updated 1281d ago
Note
Preview
Unit 2: Differentiation: Definition and Fundamental Properties
Updated 976d ago
Note
Preview
Science
Updated 445d ago
Note
Preview
Grade 8 SHS Religion Final Outline (copy)
Updated 936d ago
Note
Preview
6. Corporate Social Responsibility
Updated 1055d ago
Note
Preview
Unit 5: Conflict, Crisis, and Reaction in the Late 18th Century
Updated 986d ago
Note
Preview
Explore top flashcards
Ana Final :(
Updated 959d ago
Flashcards (132)
Preview
level F unit 2 definitions
Updated 731d ago
Flashcards (20)
Preview
Ecologyintro
Updated 109d ago
Flashcards (34)
Preview
ORGCHEM FINALS
Updated 572d ago
Flashcards (123)
Preview
Acute Exam 3
Updated 988d ago
Flashcards (37)
Preview
exam 2 - specimens and models - bio II lab
Updated 518d ago
Flashcards (88)
Preview
brit lit final exam
Updated 570d ago
Flashcards (71)
Preview
Lecture 17
Updated 746d ago
Flashcards (27)
Preview
Ana Final :(
Updated 959d ago
Flashcards (132)
Preview
level F unit 2 definitions
Updated 731d ago
Flashcards (20)
Preview
Ecologyintro
Updated 109d ago
Flashcards (34)
Preview
ORGCHEM FINALS
Updated 572d ago
Flashcards (123)
Preview
Acute Exam 3
Updated 988d ago
Flashcards (37)
Preview
exam 2 - specimens and models - bio II lab
Updated 518d ago
Flashcards (88)
Preview
brit lit final exam
Updated 570d ago
Flashcards (71)
Preview
Lecture 17
Updated 746d ago
Flashcards (27)
Preview