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Briefly explain the five functions of money

Assignment Help Macroeconomics
Reference no: EM132560147

1. (a) Use a graphical approach to explain the effect of the following changes.

i. A new Covid 19 face mask, made in America, is successful in sales to Zambia.

ii. Zambia reduces its interest rate compared to the U.S., causing investors to sell Zambian bonds and buy U.S. bonds.

iii. Zambians, unhappy with monetary unification, transfer their bank balances to the U.S.

(b) Briefly explain the five functions of money.

Reference no: EM132560147

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