A1 functions and role of money

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Functions
Unit of account Medium of exchange Store of value Legal Tend
1 of 5
Factors
Life stages Upbringing Personal Life events Global economy Personal Economy
2 of 5
Life stages
Childhood- money spent quickly Adolescence- more access to money, begin saving Adulthood- paying for children, and house Old Age- downsizing, relying on state funding
3 of 5
Planning Personal Finance
Remain solvent Avoid legal action Avoid bad credit Avoid bankruptcy
4 of 5
N/A
N/A
5 of 5

Other cards in this set

Card 2

Front

Factors

Back

Life stages Upbringing Personal Life events Global economy Personal Economy

Card 3

Front

Life stages

Back

Preview of the front of card 3

Card 4

Front

Planning Personal Finance

Back

Preview of the front of card 4

Card 5

Front

N/A

Back

Preview of the front of card 5

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