Business

Barter requires the use of Money.

• True

• False

Providing enough for oneself but not to improve your way of life is referred to as

• Barter

• Exchange Rate

• Subsistence

• Double coincidence of wants

Two people who want what each other has to offer is referred to as:

• Divisibility of goods

• Exchange Rate

• Business activity

• Double coincidence of wants

Early man lived in a _______________ economy.

Identify the items which were used as money

• Coins

• Paper money

• Dog teeth

• Shells

• Arrow heads

Satisfying one's needs with the aid of others

• Direct production

• Barter

• Indirect production

• Farming

Which function of money places a value on items?

• Portable

• Store of Value

• Divisible

• Measure of Value

Money can be saved and used in the future.

• Portable

• Durable

• Store of Value

• Measure of Value

It should be simple to carry money around

• Portable

• Measure of Value

• Durable

• Medium of exchange

Money is a medium of __________________ .