Barter and the Role of Money

What is one(1) disadvantage of barter?

Explain why divisibility of goods was a disadvantge of the barter system

Which is an example of 'token money'

• Dollars notes

• Gold

• Shells

• Monoploy money

The feature of money which states it must be identical in look, size and weight is called...

• acceptable

• homogenous

• portable

• divisible

Which of the following is NOT a function of money?

• Medium of exchange

• A standard for posponed payment

• Measure of value

• A standard of viability

Mya told her brother Dave that money must be able to pass form hand to hand without being easily destroyed. Mya is describing which feature of money?

• Portability

• Divisibility

• Durability

• Acceptability

Name one(1) instrument of exchange

Define the term 'barter'

• Barter is an instrument of exchange

• Barter is the exchange of goods and services with the use of money

• Barter is the exchange of one thing for another without the use of money

• Barter is a rate of exchange

Which is an example of 'store of value'

• Purchasing items with token money

• Borrowing money from a friend

• Exchanging money foor goods and services

• Saving money in a bank for future use

Barter is possible when a ___________occurs

• Divisibility of goods

• Double coincidence of wants

• Storage of wealth

• Double coincidence of goods