Types of Money Q7

Q.
a) Elaborate four (4) functions of money in an economy. (4 marks)

b) Elaborate the different types of money. (4 marks)

c) Differentiate between M1 and M2 supply of money. (4 marks)

d) Discuss the causes of money supply to rise in an economy. (8 marks)

(20 marks, 2012 Q7)