Unit 3: Personal and Business Finance 0.0 / 5 ? BusinessFinanceBTEC NationalOther Created by: chandy003Created on: 19-11-19 16:32 Placing a value on goods and services (Functions of Money) Unit of Account 1 of 10 Money is used to buy, sell and trade (Functions of Money) Means of Exchange 2 of 10 Money has a value which can be maintained in the bank for future use (Functions of Money) Store of Value 3 of 10 Official national currency of a country (Functions of Money) Legal Tender 4 of 10 Your view of risk and reward (Role of Money) Personal Attitudes 5 of 10 Financial needs and priorities change (Role of Money) Life Stages 6 of 10 Beliefs shape view of money (Role of Money) Culture 7 of 10 Affect your importance of money eg moving home (Role of Money) Life Events 8 of 10 Events outside your control (Role of Money) External Influences 9 of 10 Affects choice to borrow or save (Role of Money) Interest Rates 10 of 10
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