The evolution, functions and characteristics of money

the money type that had a value in itself in addition to serving as money

• Commodity money

• Fiat money

• Barter money

which of the following was developed in coincidence with the banking

• Commodity money

• Specie

• the first paper money

trees can't be used as money because they lack which of the money characteristics?

• Limited in Supply

• Durable

• Portable

M2 contains only the forms of money that can be used as a store of value

• True

• False

the ability to use the money now or in the future represent the function of money as

• Medium of exchange

• Measure of value

• Store of value

all buyers and sellers are accepting money to settle their transactions because money is acting as:

• Medium of exchange

• Measurement of value

• Store of value

you can simply compare the values of different items by comparing their prices because money is acting as?

• Medium of exchange

• Measure of value

• Store of value

the cash and coins are considered part of M1?

• True

• False

the coincidence of needs was the draw back of fiat money

• True

• False

Barter economy means that people exchange something for another.

• True

• False