Tariff, Money and War Q8

Q.

Discuss:

(a) The purpose of the government in maintaining tariff, subsidy and quota to this date of Malaysia's economy. Focus your answers on the primary industry. 5 marks

(b) Elaborate 4 functions of money in an economy. 4 marks

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

(d) How war in Ukraine affected the money flow in the world. 7 marks

(M2022-1 Q8, 20 marks)

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