Money

The functions of money are?

• Pricing, contract, and means of payment

• Medium of exchange, store of value, Unit of account.

• Medium of exchange and ability to buy goods

• Medium of exchange, unit of account, and means of payment.

The $1million dollar price of a car is an example of money as a;

• Time deposit

• Store of value

• Medium of exchange

• None of the above

Which of the following can be defined as money;

• Credit card

• Debit card

• Cheques

• All of the above

Which of the following is a disadvantage of the barter system

• Difficult to measure value

• Easy to store

• Is a not a legal tender

• All of the above

Which of the following came first in the timeline of money?

• Gold

• Cowry Shells

• Bitcoin

• Coins

Anything accepted as a medium of exchange is called?

• Paper

• Trade

• Mioney

• Finance

The feature of money that says it must be identical in size, look and weight is call?

• Acceptable

• Divisible

• Homogenous

• Portable

John told Suzy that money must be able to pass around without being destroyed, this means that money is?

• Acceptable

• Divisible

• Portable

• Durable

If I giveaway my flat screen tv for a tablet, this would be called;

• Counter trade

• Trade

• Barter

• Exchange

Barter cannot function well because?

• Goods are not always divisible

• transaction's cost are small

• goods are always the same size

• none of the above

• n