Define each of the following terms
barter
money
List three characteristics of money
Explain how inflation can affect any two function of money
state each of the following abbreviation in full
IMF
CSME
WTD
FDI
CARICOM
List TWO characteristics of Caribbean economics
Define each of the following terms
Need
Wants
Opportunity cost
Define the term economic goals
List THREE economic goal of a government
Define the following terms
Economic system
Capital goods
Give one example of a capital item
Exaplain each of the following terms
Deflation
Unemployment
Define the following terms
Investment
Savings
Define the term” liquidity”
List Four function of a commercial bank