Functions and Characteristics of Money

Front

In bartering economies, people trade what they __________ for what they ___________.

Back

Have; need

Front

One of the disadvantages of operating a barter system is that trading is

Back

limited by availability and demand of goods traded.

Front

_________________: a moneyless economy that relies on trade

Back

barter

Front

Money should be portable. This means:

Back

You can carry it easily.

Front

Money should be durable. This means:

Back

It must be tough so it doesn't break.

Front

Money should be limited. This means:

Back

It is possible to control how much of it is in use.

Front

Money should be durable, portable and limited. These are examples of___.

Back

characteristics of money

Front

Money is a medium of exchange, measure of value, and store of value. These are examples of ___.

Back

functions of money